USDCAD Analysis
FxNews - The USDCAD pair is trading within a bullish channel. This week, the bulls in USDCAD closed above the pivot, and currently, the price is struggling to break out above the median line of the bullish channel.
The RSI indicator is hovering above the 50 level. The trend is bullish and is likely to aim for R1 (1.399 resistance). S1 and the lower line of the bearish channel support the bullish scenario. As long as the pair is trading within the channel, the overall outlook of the trend is bullish.