- USDCAD had a very strong decline and stopped at Dec. 3rd low prices. This is marked yellow on the chart.
- We have a pattern that formed on the last three closed candles.
- The is curving up with a crossover, histogram moving in favor of the bulls.
- Price is hovering around the lower end of the .
- is coming out of oversold.
- A bounce can be expected after these signals show up. Target is marked purple on chart.
- Gray dotted line marks the stop loss.
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