For CAD to be able to break through the resistance levels needed for a trend reversal, it requires a stronger momentum, as there are solid resistances ahead. At the moment, although it has turned bullish in the lower cycle, the trend is showing significant weakness, and there is a high probability of rejection either at higher prices or even around the current level.
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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.