Long term downtrend broken
It looks as though USD/CAD has pierced through the long-term downtrend dating back to January 2016. As well, it has regained the uptrend formed from January 2013. We could see some big moves up in 1.30-1.40 range in the upcoming months. Let's see if it can sustain movement and break this long term downtrend or if this is a false breakout. Should be interesting nonetheless!
Trade active
first target is 1.35
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