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Sunday, June 18, 2017

USD/CAD: Predicted to Move in Between the Channel

USD/CAD predicted to continue its retracement in will be moving in between the red channel as shown in the following picture.

1.3236 will not be too hard to be broken and the pair will try to break above 1.3281 again to continue its retracement after its bearish trend since last week. 

There will be an opportunity to open long position and take profit @ 1.3280. 

However, shall the USD/CAD touches 1.3165, then the pair will continue its bearish trend.