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USDCAD: Classic Trend - Following Setup Explained 🇺🇸🇨🇦

Long
US-Dollar / Kanadischer Dollar (OANDA:USDCAD)  
VasilyTrader  
OANDA:USDCAD   US-Dollar / Kanadischer Dollar
Support and Resistance Rectangle Parallel Channel USDCAD DJ FXCM Index USD dollar Forex forecast trading Technical Analysis Contains image
13
5
supportandresistance rectangle parallelchannel usdcad usdollar usd dollar forex forecast trading technicalanalysis containsimage
snapshot

USDCAD is trading in a bullish trend.
After a strong bullish rally, the pair was consolidating for 2 weeks within a horizontal range.

The resistance of the range was broken on Thursday.
It is an important sign of strength of the buyers.

The pair will most likely keep growing next week.
Goal - 1.374

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