Possible Long for USDCAD

2 thg 5, 2019

Possible long for USDCAD. Price has been moving above the 200 EMA and the 50 EMA for the last few months and has stayed with an ascending trend line channel, indicating a long bias overall. Price has also recently been in a parallel trend line channel for the past few weeks and I am predicting that It will continue to go on and create another swing high/higher high. The price has also broken a local resistance zone turning it into support. USDCAD