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

Long

Dollar Américain / Dollar Canadien (OANDA:USDCAD)

OANDA:USDCAD Dollar Américain / Dollar Canadien

supportandresistance rectangle parallelchannel usdcad usdollar usd dollar forex forecast trading technicalanalysis containsimage

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

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