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USDCAD is bullish but pay attention to technical analysis

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    USDCAD is very bullish and we can see a strong uptrend within the equidistant channel. The price is zig zagging making bullish patterns, but we definitely need to pay attention to technical levels and zones as the pair is very susceptible to OIL movements. The first POC comes within 1.4180-4090 zone. As I already suggested on Session Recap webinars , +250 pips which the analysis was good for has already been made so the price is in retracement mode again. After making a new high in 1.4315

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