USDCAD: Can it be that the pair is finally moving lower?
After nearly 2 months the pair has only moved 150 pips lower. Having tested the trend line from the 2017 October low and today that trend line was broken on a weekly bases although its not a confirmation. A close below would expose the 1.30155 area which can possibly test the lower level. Of course the fact that it broke the trend line does not mean its a confirmation, it ca be a false move but am quiet certain that a move lower is on the cards here.
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