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data info section

0.02 Raw
Spreads

45k+ Customers
Worldwide

$250 Minimum
Deposit

NDDNo Dealing
Desk

1:200Leverage
up to

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DAILY FOREX UPDATE: USD/CAD

By: Dima Chernovolov

USD/CAD continues to rise inside the 30-minute Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 6-bar level – which is the result of the medium Initial Trend (5 bars), above-average Uniformity (6 bars) and higher Clarity (7 bars). USD/CAD is expected to rise further inside this Up Channel – in line with the earlier breakout of the major resistance level shown below.