FX.co ★ Technical analysis of USD/CAD For July 25, 2018

If we look at USD/CAD on the daily chart, we know exactly this pair is still moving in a bullish bias. The Loonie is still moving orderly in an upward sloping channel. Starting from tomorrow, this pair is going to make a minor correction. Now, it tends to be moving in a choppy manner because the Mercury Retrograde Motion phenomenon (Jul 26 - Aug 8, 2018) and 10 trading days more the pair will have a chance to start rising again. As long as the price does not break out and closes below 1.2728, the bias of USD/CAD remains bullish.

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