USDCAD is at a important place currently.It can either break the 1 year choppy uptrend and fall to the weekly level( red zone ). My bias on this pair is long and I believe once price breaks the rectangle it can shoot up to the daily zone (blue) to continue the trend.I will wait for a close above the rectangle.
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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.