USDCAD: Classic Trend - Following Setup Explained 🇺🇸🇨🇦

Long

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

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Support and Resistance Rectangle Parallel Channel USDCAD DJ FXCM Index USD dollar Forex forecast trading Technical Analysis Contains image

supportandresistance rectangle parallelchannel usdcad usdollar usd dollar forex forecast trading technicalanalysis containsimage

snapshot

USDCAD is trading in a bullish trend.
After a strong bullish rally, the pair was consolidating for 2 weeks within a horizontal range.

The resistance of the range was broken on Thursday.
It is an important sign of strength of the buyers.

The pair will most likely keep growing next week.
Goal - 1.374

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