USDCAD will continue down the downward channel, breaking support below. Then we will wait for the retest of resistance before we place the trade. If it breaks the top channel trendline it will continue upwards to the next trend line in chart. also, wait for retest of that scenario as well.
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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.