USDCAD Chart Technical Outlook continues to trade higher within a distribution channel
With both single currency baskets suggesting buying dips, I expect the mix and volatile price action to continue. The daily chart highlights a bullish distribution channel. The Wyckoff theory would expect a spike higher to take out weak shorts. Prime resistance is located at 1.3682 and 1.3708. Support is located at 1.3541. There is no clear bias. I would look for rallies to be sold and dips to be bought.
