USDCAD: Classic Range Trading 🇺🇸🇨🇦
Updated
Hey traders,
As we earlier discussed, USDCAD is stuck within a horizontal trading range.
Yesterday the price reached its upper boundary.
A bearish engulfing candle that was formed then is a perfect indicator of the strength of sellers.
For that reason, the pair will most likely drop to 1.269 / 1.2665 levels.
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