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USD/CAD Trading in channel.

USD/CAD Trading in channel.

Currently, USD/CAD is trading at 1.3216. The pair is trading in a down trend from some time in a channel pattern. The price is about to touch the resistance level and It may rebound back from there. The pair is in down trend from some time, so it is possible that it will continue its down trend and touch its strong support level at 1.3050.

Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.

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Rishikesh Lilawat

from Trading Ideas
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