USD/CAD – Trying To Find A Bottom As Key Support Approaches

Once this bottom is confirmed I will first look towards the structure of the move up off of the low to help give us clues as to whether this low is simply a local bottom with further downside action to come or if we are indeed on our way back over the January highs. From a purely price perspective a move back over the 1.3681 level would be the first signal that this bottom is something more than a local bottom and that we will see higher levels over the course of the next several months. 

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