USD/CAD retreats to 1.4210, marking a two-day decline, yet technical indicators suggest the broader bullish trend remains intact within an ascending channel.
The article notes a pullback from 18-month highs but highlights a persistent bullish bias from the ascending channel pattern.
The USD/CAD pair faces downward pressure for the second consecutive session, trading near 1.4210 during Friday's Asian trading hours. Despite the recent pullback, the pair remains supported by an ascending channel pattern on the daily chart, maintaining a persistent bullish bias.
The pair maintains a bullish bias as it continues to trade within an ascending channel on the daily chart, despite a short-term pullback from recent 18-month highs.