USDCAD Trading In Channel Pattern

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD is now trading in channel pattern after giving a good breakout from the falling wedge . The current price is at a 50% Fibonacci retracement level so, it might face some resistance at this level. At this level, we might see price consolidation or price breakout towards the 62% Fibonacci retracement level.

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