USD/CAD testing two-year-long trendline
USDCADThe rate is testing the rising trendline and the rising channel support. The usual low liquidity summer trading strategies prefer continued range trading and even a downside break should be looked at with suspicion.
Potential upside targets - 1.3780; 1.4000
Full article
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.