USDCAD has recently been in a short-term uptrend and is approaching a monthly resistance level. This resistance is around 1.395
The candlestick pattern forming in this area suggests buyer exhaustion and the potential for a price reversal.
Note: Proper risk management is essential, and traders should keep an eye on major economic news affecting both the US dollar and Canadian dollar.
The candlestick pattern forming in this area suggests buyer exhaustion and the potential for a price reversal.
Note: Proper risk management is essential, and traders should keep an eye on major economic news affecting both the US dollar and Canadian dollar.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.