USDCAD has been in a long-term bullish trend. Since the middle of December, the pair has been consolidating within a horizontal range.
Last week, the price broke above the range's resistance. This violation will most likely trigger a trend-following movement.
The next resistance level to watch is at 1.4554.
Last week, the price broke above the range's resistance. This violation will most likely trigger a trend-following movement.
The next resistance level to watch is at 1.4554.
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Disclaimer
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