USD/CAD had entered a parallel channel since the end of July and has been keeping within till the breakout 2 days ago to the upside and rejected the resistance level of 1.3125. We can see price action has come down to retest the channel and is struggling to re-enter and has rejected it by forming a doji and a spinning top on the H4, implying uncertainty and a...
Good results have sent the price higher than 103, but it still has 125 to beat (a resistance point established 4 years ago).
Technically it could move to 150p
Trend which began in April 2002 almost over. Wait and see.