For USDCAD's sideways chart, traders can look for price levels at which the currency pair has previously bounced, and consider taking trades at these levels. However, it's important to wait for confirmation of a breakout in either direction before entering a position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.