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USDCAD | Ascending Channel Bounce Trade | 1:5 RR Long

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
SmithTradeSmart  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadshort usdcadlong usdcadforecast usdcadsell usdcadanalysis usdcaddaily
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trendanalysis chartpattern indicator usdcad usdcadshort usdcadlong usdcadforecast usdcadsell usdcadanalysis usdcaddaily
📢USCDAD 1H - Technical Breakdown

📈Price levels have been respecting the ascending support over the last 7 days. The current market price appears to be testing the rising support at 1.41300 and gives reason for a bounce long position.

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