Technicals: Trend Channel Now Three Weeks Old

  • Resistance: 1.0780
  • Support: 1.0630
  • The USDCAD remains range bound as the pair continues to bore its way through a now well-established trend channel. The channel, born in the beginning of June, has now developed into a three-week-old trend which can be expected to challenge 1.0750 once again.

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