USDCAD has offered up some great long opportunities this year that have been more obvious than not. It started with the bullish pin bar on January 15th, followed by the bullish inside bar on March 9th. The latest opportunity was the break from the descending channel that began on March 18th. The ensuing rally is still underway and has so far produced a gain of 340 pips. The pair now finds itself trapped between the 1.2800 resistance level combined with channel resistance and immediate support at 1.2660. This is important to note as the Bank of Canada rate statement is on tap tomorrow at 10am EST. Even if the rate ... (full story)