Tue, 24 Jan 2017 12:15:57 GMT
CAD/HKD 4H Chart: Channel Down
The Canadian Dollar is trading simultaneously in two descending channels against the Hong Kong Dollar. The medium term channel is a representation of the currency exchange rates bounce off from the long term pattern's upper trend line. In addition, the currency pair is highly influenced by Fibonacci retracement levels, which are measured by connecting the 2016 high level of May