`USDCAD SUPPORT BREAKOUT
Updated
MARKET ANALYSIS: The pair is trading inside a channel and now the market has broken the channel support. But there is major support line near the current market price. So once if the support breaks can expect a new lower lows.
Alternate scenario: If the market holds above the support level. We can expect a uptrend to the channel resistance level. So lets wait and see what the market does in the coming days. Cheer!
Alternate scenario: If the market holds above the support level. We can expect a uptrend to the channel resistance level. So lets wait and see what the market does in the coming days. Cheer!
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