Linear Regression Channels Survey for the USD/CAD currency pair:
The USD/CAD shows considerable bullish presence today being able to break both violet and a channel to the upside.
Now the pair has an intraday support level located at 0.9910 corresponding to the backside of the violet channel.
This support level provides a good low risk Intraday Bullish opportunity.
Breakthrough 0.9870 invalidates the bullish scenario and targets are to be located at 0.9940 & 0.9980 initially.
