OANDA:USDCAD   U.S. Dollar / Canadian Dollar
1W Chart shows that price is moving in consolidation in this triangle pattern and that the exchange rate is above the 200 EMA , therefore suggesting the current direction of price is still upwards:
-Price can exhaust outside of a resistance/support zone. It's not forced to stay exactly within restricted channels. I would assume based on the bullish harami candlestick pattern and price steadily moving back into this upward channel, that the exchange rate has yet to increase further.
Oct 19
Comment: Price is moving more volatile to the downside, will keep a look out for the upward direction then trade accordingly.
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