USD/CAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2247 is underway.
USD/CAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2247 is underway. Deeper decline is still possible in a couple of days and the target would be at 1.2740 area. Resistance is at 1.2900, only break above this level could trigger another rise towards 1.3100.
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