Technician

USDCAD: Probably Pulling Back of Resistance Confluence!

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
33
The pair has been trending strongly higher, however price hits a major resistance juncture and a confluence of long term technical levels.
-161.8 extension level for the latest bearish wave
-Main channel ceiling
-Short term channel ceiling
-Main Horizontal resistance level over the weekly chart

I expect a bearish pullback towards a retest of 1.1455 area as a minimum target.

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Technician
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