There may be a break soon as USDCAD looks to test the 1.35440 resistance area for a third time.
Here are the details:
The price action looks bullish; the market swings are getting higher, and the 20 EMA support re-test has held. Our idea here is to buy market dips leading up to 1.35440 for a possible break above if the bullish momentum continues. The long-term target is around the 1.36269 area, as we expect some resistance there.
Preferred Direction: Buy
Technical Indicators: 20 EMA
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