Rayyan_2805

Possible Long for USDCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Possible long for USDCAD . Price has been moving above the 200 EMA and the 50 EMA for the last few months and has stayed with an ascending trend line channel, indicating a long bias overall. Price has also recently been in a parallel trend line channel for the past few weeks and I am predicting that It will continue to go on and create another swing high/higher high. The price has also broken a local resistance zone turning it into support. FX:USDCAD

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