USDCAD long
USDCAD is in an uptrend channel and has previously respected the channel. We had a drop from channel top and 200 EMA is acting as a support. On Friday we had a strong rejection from 1.335 area but it did not break the last minor swing low at the same level.
I think there is still room to small down move and a move up should take place around 1.31300 area. TP1 is around 1.335 and TP2 at channel top 1.38200 (long term).
I think there is still room to small down move and a move up should take place around 1.31300 area. TP1 is around 1.335 and TP2 at channel top 1.38200 (long term).
Penafian
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