USDCAD’s upside movement from 1.2951 extended to as high as 1.3104.
USDCAD’s upside movement from 1.2951 extended to as high as 1.3104. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3150 area.
On the downside, a breakdown below the channel support would indicate that the upside movement had completed at 1.2951 already, then another fall towards 1.2900 could be seen.
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