Good morning Dynamic Traders.
The USDCAD as shown on the 4 hour chart below is in an uptrend but it is not far from a resistance level. If we break out of the channel then teh support levels I have identified should be noted. Don't forget though, we have been in an channel since December 14th 2007 on the daily chart so trading on a smaller time frame is based on smaller trends.
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Forex Analyst
Anne Chapman
