iTradingForex

USDCAD breaks resistance, strong uptrend with great frequency

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Canada cleared the highs from earlier in the year and continues to follow a nice rolling chop style channel upwards. Pull backs are orderly and have nice frequency as you can see from the small downsloping fork with warning lines.

One more pull back to retest the multi-pivot support resistance area around 1.1220-.1.1275 would be a great opportunity to buy.