USDCAD Bullish
Updated
Considering the fact that every downside trend keeps losing strength relative to the upside impulse trend, the convergence in this consolidation seems to be choosing an upward drift. I would be weary for Canada and the potential for a weaker dollar...
Note
This was way too soon and ignored the larger downward .886 line with a hope that it would break. I would still anticipate upside from here if it can regain some of the drawn levels of the bottom of this consolidation channel that it's been in since March.
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