USDCAD broke above 1.3191 resistance, suggesting that corrective consolidation for the downtrend from 1.3382 is underway.
USDCAD broke above 1.3191 resistance, suggesting that corrective consolidation for the downtrend from 1.3382 is underway.
Range trading between 1.3133 and 1.3250 would likely be seen in a couple of days.
As long as 1.3250 resistance holds, the downtrend could be expected to resume, and further decline towards 1.3000 is still possible after the consolidation.
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