The Canadian Dollar: The Canadian dollar is trading on the hourly chart in a fixed latitude range that tends to descend due to the general downside trend and the main downside channel on the larger frames. The pair will fluctuate in a narrow sideways range, and traders may enter buying operations when the MACD signal appears, and it is preferable to break the last small top at 1.2830. If the two conditions are met, or at least the first condition, buying will be the only option for the pair with a target of 1.3010, provided that the MACD indicator maintains its positivity throughout the upward journey. Traders are advised to maintain an appropriate stop loss for all of their trades.
