By examining the trend in the four-hour time frame, USDCAD has the resistance of the NECK LINE in the range of 1.3656-1.3643, and provided that no close candlestick of the four-hour time period is maintained and not recorded above it, the rate can reach the support of the bottom of the channel in the Fibo range. 161.8% decreased to $1.3515.
By examining the trend in the four-hour time frame, USDCAD has the resistance of the NECK LINE in the range of 1.3656-1.3643, and provided that no close candlestick of the four-hour time period is maintained and not recorded above it, the rate can reach the support of the bottom of the channel in the Fibo range. 161.8% decreased to $1.3515.