[TRADE] USDCAD Close to Breaking Upper Channel

USDCAD is really testing the upper channel, which also happens to coincide with the 61.8 fib level as well as the falling TL. If PA is able to make a clear break above that heavy resistance area, then we should see a push to around 1.34 zone. Especially with all bearish news recently about oil and no real bullish news, oil is expected to drop and we should see USDCAD push right up as they have an opposite correlation.

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