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PipPipHooray75
Jul 8, 2020 7:27 AM

USDCAD Maintain New Bullish momentum 

U.S. Dollar/Canadian DollarFXCM

Description

Since yeserday this pair has been back on the up. M30 shows a nice clear channel but this morning it looks like the support of the channel around 0.382 Fibonacci level has been broken and we could be seeing a breakout here if the bulls don't like it.
We either have a trade back into the bullish channel with a target of 1.3618 next Fib level or the breakout will look for a target of the Fib support 1.3566 (0.236 Fib)
Either way hopefully the next candlestick should tell us.
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