848evo
Long

[TRADE] USDCAD Close to Breaking Upper Channel

FX:USDCAD   U.S. Dollar/Canadian Dollar
77 0 6
USDCAD             is really testing the upper channel, which also happens to coincide with the 61.8 fib level as well as the falling TL. If PA is able to make a clear break above that heavy resistance area, then we should see a push to around 1.34 zone. Especially with all bearish news recently about oil             and no real bullish news, oil             is expected to drop and we should see USDCAD             push right up as they have an opposite correlation.

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***** HOW TO READ THE CHART: The red and blue lines represent clusters of BUY/SELL orders. The thicker the line, the stronger the cluster. Red = SELL, Blue = BUY. Grayed Out = Cluster Hit & Gone.
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