USDCAD MAKING HIGHER HIGHS ON 1H TIME FRAME.
From the chart we can see the USDCAD Pair trending on a bullish channel, making new higher highs,with the Bullish Momentum setup on 1daily time frame, I see the pair breaking the upper trendline channel at 1.33634 , a retouch of this price level and making it a new support will make the price shoot to 1.34604 price level.
On the other hand a break down of a bullish channel is a continuation of the bearish move, if the price break the channel down at 1.32840 the price might rally down to 1.31690
Bias: BUY PENDING ORDER @ 1.33733 TARGET1 1.34604 TARGET2 1.36420
On the other hand a break down of a bullish channel is a continuation of the bearish move, if the price break the channel down at 1.32840 the price might rally down to 1.31690
Bias: BUY PENDING ORDER @ 1.33733 TARGET1 1.34604 TARGET2 1.36420
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