USDCAD: Your Trading Plan Explained 🇺🇸🇨🇦

Short

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

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Support and Resistance Candlestick Analysis Parallel Channel USDCAD DJ FXCM Index dollar canadiandollar Forex trading techincalanalysis Contains image

supportandresistance candlestick parallelchannel usdcad usdollar dollar canadiandollar forex trading techincalanalysis containsimage

snapshot

USDCAD is currently consolidating on a key resistance.
The price formed a horizontal range.

1.3205 - 1.3230 is the neckline of the range.
If the price breaks and closes below that on 4H, it will be a strong bearish signal.

Sell aggressively or on a retest, then.
Target will be 1.315

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