Just a few key points that I'm watching on the hourly timeframe:
- USDCAD reached January, 2016 highs earlier today
- Currently monitoring this wedge breakout for further selling pressure potential
- We want to assess if resistance holds up at the latest level breach @ 1.4424
Note
Quick chart of the weekly level that we're also eyeing:
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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.