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T3-Consultancy

USDCAD H1: Bullish outlook seen, further upside above 1.3450

Long
U.S. Dollar / Canadian Dollar (FOREXCOM:USDCAD)  
T3-Consultancy  
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Harmonic Patterns Chart Patterns USD USDCAD usdcadlong usdcadbullish Forex forexsignals forextrading
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trendanalysis harmonicpatterns chartpattern usd usdcad usdcadlong usdcadbullish forex forexsignals forextrading
On the H1 time frame, prices are testing a key resistance zone at 1.3450. The current squeeze in Bollinger bands could be followed by higher volatility. A break of the 1.3450 level would be an upside confirmation, which presents an opportunity to play the breakout to the next resistance zone that coincides with the 61.8% Fibonacci retracement at 1.3550.
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