USDCAD 1D
We needed to back to a 1D view to get a better sense of potential direction. We’ve got an ascending trend line that has 4 key areas of reaction. We are reaching the oversold mark on RSI. I do believe it could become a little more oversold to each this line. At which point, there will either be a reversal to head back up or we could dip below and backtest.
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