USDCAD LONG TERM CHANNEL RESISTANCE REACHED!!!!
MARKET ANALYSIS: The Pair is trading inside a long term rising wedge pattern. Now it has reached the resistance level. If the resistance holds we can expect a new downtrend to the next possible support level of the channel. So lets wait and see what the market does in the coming weeks. Cheers!
Related publications
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.