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USDCAD: Important Breakout & Bullish Continuation

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
linofx1  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Trend Lines Supply and Demand
17
6
supportandresistance trendline supplyanddemand
The USDCAD experienced a sudden increase in value yesterday, with a strong bullish candle breaking through both a horizontal resistance and a significant downward trend line.

I anticipate that the bullish momentum will continue, potentially driving the price even higher after a retest of the broken resistance levels.

The next targets for the price could be 1.3736 and 1.3779.
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