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USDCAD - Apr-07 - H4

The USDCAD currency pair is squeezing in 4-hour timeframe. That is, it is moving between the line of support and resistance. The price has hit these support and resistance lines several times, but the latest collision with the support line can cause the price to rise to 1.2678. At the price of 1.2678, we see a good resistance line. Accordingly, the price can fall to the support line at 1.2556 by hitting this line. But if it crosses the resistance line, it can continue its ascending trend in a step up to 1.2783.



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