Tue, 27 Oct 2015 07:05:05 GMT
USD/CAD 1H Chart: Channel Up
USD/CAD continues to trade within the boundaries of the upward-sloping channel we spotted yesterday. Since then the currency pair has confirmed the lower trend-line, and it is therefore ready to surpass last week's high at 1.32. Once above this level, there will be very few reasons for the pair not to reach the upper trend-line at 1.3280.Alternatively, if 1.32 stays