USD/CAD moved sideways in a trading range between 1.3250 and 1.3344. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from 1.3015, further rise towards 1.3400 is still possible. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 1.3344 already, then the pair would find next support at 1.3184.





Comments
Log in or sign up to join the conversation.