USDCAD is heading towards the resistance line of a Channel Up. If this movement continues, the price of USDCAD could test 1.3601 within the next 20 hours. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Supported by RSI below 40
Target: 1.3601 Entry: 1.3563 Stop: 1.3533
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