Bearish pullback
Dollar Cad is attempting to move above the 1.45000 mark, which is a strong resistance zone based on the W and M frames. If price action remains under the above zone, a bearish pullback may happen due to failing to go through this zone. Alternatively, a break above may yield more growth for the pair.
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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.