DeGRAM | USDCAD correction in the local channel

USDCAD is moving in the local descending channel.

The chart reacted 4 times with an immediate decline on reaching the upper boundary of the channel.

The price is still under strong resistance coinciding with the 88.6% retracement level.

We expect a pullback from the upper boundary of the channel.


-------------------

Share your opinion in the comments and support the idea with a like. Thanks for your support!