USDCAD fell back to the bottom of it's consolidation range this week due to Dollar weakness.
After USDCAD broke out of a falling wedge, it has found support on previous resistance level.
USDCAD continued it's downtrend this week, after facing strong resistance at 4 years high.
USDCAD has been trading in a consolidating range this week, forming a triangle pattern.
USDCAD has faced strong resistance at 4 - years high and has been falling since.
USDCAD continued its uptrend after finding support on market opening.
USDCAD has been rising ever since a break out of it's 8-month channel
USDCAD broke out of a channel in the recent 2 weeks and has found support at 1.3322.
USDCAD has proven to be one of the weakest currency this week, with the Dollar undergoing retracement, and most major currencies rising against the dollar, USDCAD was one of the only pair that continued to depreciate against the Dollar.
USDCAD has been trading in a range for 8 months, and with the recent Dollar strength, USDCAD shot back up to the top of the range before finding resistance.