USDCAD At Resistance Of Channel Pattern

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis harmonicpatterns chartpattern usdcad usdcadanalysis dollar euro forextrading forexsignal forexanalysis

USDCAD has well supported the resistance & support level of the Fibonacci Retracement level, as shown in the chart. At the current level, it is trading near the Fibonacci resistance level & also it is trading in channel pattern. According to chart pattern analysis, we might see some more sideways movement in channel pattern till a decisive breakout of channel pattern and Fibonacci resistance level.

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