USDCAD: Long opportunity within the Channel Up.

The pair is trading inside a 1W Channel Up since the beginning of the year (RSI = 58.168, MACD = 0.007, Highs/Lows = 0.0064). The latest Higher High, Higher Low sequence indicates that another minor pull back should be expected before a new Higher High. We are waiting to add a new medium term long (TP = 1.35900).

Our long term overview remains bullish and our February target is approaching:





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