Jnwsk
Long

USDCAD ANALYSIS WEEK OF JULY 24, 2016

FX:USDCAD   U.S. Dollar / Canadian Dollar
Weekly:
Price is in an uptrend. The trend line has not broken and is seeking higher highs.

Daily:
A gorgeous ascending triangle is forming with presumable assumption that the breakout will be to the upside. Price is in major resistance at 1.31500

4 Hour:
Since we are to want to long this pair let us see where to enter. On the 4H chart price is trending in a channel. Shortening between 1.31500 - 1.32000 at resistance seems like a nice pullback trade.
Look for buying opportunity at 1.29500 - 1.3000 range for its continuation up. 1.33000 seems like a good target to aim for.

Wishing everyone a good trading week!
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