FX:USDCAD U.S. Dollar/Canadian Dollar
USDCAD (4H): After spiking higher off the 1.28000 zone, price is trading in a slight channel. Note however than in the short term we are still trading below the 20 as well as the 50 . We are currently at the lows of this channel. If the lower channel line holds my upward targets are 1.316x (previous high) then 1.328x (previous high), then finally the channel highs. If price breaks the channel lows my downside targets would be 1.30000 (round number) then 1.284x (previous low). Note: Even though we are in a up channel the price action is currently . Wait for price action before going long.