USDCAD: Next Swing Move & How to Catch It

29 Mar 2021

USDCAD is trading within a major falling parallel channel.
The market is closer and closer to its resistance.

To catch the next bearish wave, watch a rising channel on 4H.
Its bearish violation will be a perfect confirmation to short the pair.

First goal will be 1.25

In case of a bullish breakout of a resistance line of a daily channel,
the market may go to higher structure levels