FX.co ★ Technical analysis of USD/CAD For July 20, 2018

At the 4 hour chart, the loonie looks like moving in an upward sloping channel and above the moving average with 50 period. It means USD/CAD is still moving in a bullish bias. However, this pair may get a correction to re-enter the resistance which become the support zone between 1.3045 - 1.3168 levels before it continues the previous bullish trend.

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