USDCAD: Detailed Technical Outlook 🇺🇸🇨🇦
Updated
On a today's live stream, we discussed USDCAD.
The pair is trading in a bullish trend, steadily growing within a rising parallel channel.
Retesting a current year's high, the price started to coil within a horizontal trading range.
For now, we are expecting a consolidation within the boundaries of the range.
Its bullish breakout will trigger a bullish continuation to the resistance of a rising channel.
Its bearish breakout will push the market lower, all the way down to the support of the channel.
Plan your trades accordingly.
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