Vyacheslav Shkabara: Technical analysis USDCAD: actual situation review

The pair trades within the downward pricing channel (look at the hourly diagram in blue color). The trading range of the pair USDCAD at the current moment is 1.0340-1.0400. After the breakthrough of the resistance at the level of 1.0400 the further movement of the pair to the next resistance level of 1.0425 is possible. The possible route of the movement of the pair after the breakthrough of the support level of 1.0340 is to the level of 1.0314.
Trading recommendations: it is necessary to wait for the correction of the pair in pricing corridor 1.0340-1.0400 and accomplish the market enter regarding to the trend of the breakthrough resulted in closing of the hourly candlestick.

Time of the watch: 07.09 (GMT+2)
Actual pricing channel: 1.0340-1.0400
Resistance levels: 1.0400, 1.0425
Support levels: 1.0340, 1.0314
Good luck!
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