USD/CAD testing two-year-long trendline Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jun 19, 2017 10:21 AM

FX:USDCAD

The rate is testing the rising trendline and the rising channel support. The usual low liquidity summer trading strategies prefer continued range trading and even a downside break should be looked at with suspicion.

Potential upside targets - 1.3780; 1.4000

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