DAILY FOREX UPDATE: USD/CAD
June 16, 2018
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 th
is Up Channel – in line with the earlier breakout of the major resistance level shown below.
