Buy USD/CAD at lower part of channel.

Wait 5 sec.

Buy USD/CAD at lower part of channel.US Dollar vs. Canadian DollarFX:USDCADForexExpats1This pair is approaching the lower part of a channel, strong support & the 50% Fib retracement level of it's last up leg. I would expect a bounce at least and if this level holds price action might return to June26 highs around 1.4240. Fundamentals also point to a higher USD. Buy Limit : 1.3900 lower channel / 50% Fib Stop : 1.3803 under 61.8% Fib retracement Profit : 1.4240 June 26 highs. Risk 1 : 3.5 / stop is 97 pips.