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InvestingScope

USDCAD: Channel Up approaching the end of the end.

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
InvestingScope  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD USD CAD DJ FXCM Index dollar canadiandollar Forex Currencies currency
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trendanalysis chartpattern indicator usdcad usd cad usdollar dollar canadiandollar forex currencies currency
USDCAD has been trading within a 1D Channel Up (RSI = 61.339, Highs/Lows = 0.0028, B/BP = 0.0089) since the start of October. It is still within the pattern but the decreasing slope on the Higher High trend line indicates that the channel is narrowing down and may be near the end of its run. Still going long now with TP = 1.3400 remains within the tolerance limits.



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