USDCAD broke above 1.3007 resistance, suggesting that lengthier consolidation for the downtrend from 1.3327 is underway.
USDCAD broke above 1.3007 resistance, suggesting that lengthier consolidation for the downtrend from 1.3327 is underway. Further rally is possible in a couple of days and the target would be at the bearish trend line on the 4-hour chart.
However, as long as the trend line resistance holds, the downtrend could be expected to resume, one more fall to 1.2900 area is possible after the consolidation.
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