Get started
IkanBilisCapital

USDCAD breaks out cleanly. More upside but stay nimble!

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
IkanBilisCapital  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadlong usdcadforecast usdcadanalysis usdcadsell usdcadbuy usdcaddaily
3
0
trendanalysis chartpattern indicator usdcad usdcadshort usdcadlong usdcadforecast usdcadanalysis usdcadsell usdcadbuy usdcaddaily
The dollar cad finally breaks out of the channel that it was trading in and we should see more upside in the coming weeks. But this upside move is capped by strong resistance areas and there isn't much of a room to go. I'd control my risk and stay agile if I were you.
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.