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rishililawat5

USD/CAD Moving in Downward Channel.

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
rishililawat5  
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Support and Resistance Supply and Demand USDCAD usdcadanalysis usdcadidea usdcadshort usdcadshortsetup usdcadchannelpattern
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trendanalysis supportandresistance supplyanddemand usdcad usdcadanalysis usdcadidea usdcadshort usdcadshortsetup usdcadchannelpattern
Currently, USD/CAD is trading at 1.3124. The pair is trading in downward resistance and support channel and it may reverse back from here, as the price has already touched resistance level. The price may rebound back to the support level if it doesn't break the resistance level at 1.3140. If the price goes below 1.3068 level then it may touch the support level at 1.2954. Do have a closer watch on this pair usually channel trades give a good risk/reward ratio.

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Rishikesh Lilawat
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