USD/CAD Holding 6-Month Trendline
USD/CAD briefly dipped below a trendline that has held the exchange rate higher since the start of the year, but ultimately held, printing a reversal candle in the process.
The risk to reward for a bullish continuation is favorable with a first target at longer term resistance found at 1.3881. This area has held three rallies in the pair since 2022.
The risk to reward for a bullish continuation is favorable with a first target at longer term resistance found at 1.3881. This area has held three rallies in the pair since 2022.
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