The USDCAD pair successfully breached and important daily resistance level last week, confirming a bullish Break of Structure (BoS).
Following this, a retest of the previously broken structure was observed on Friday, leading to subsequent consolidation.
A bullish breakout above its intraday resistance further confirms this upward trend.
We anticipate continued upward movement for the pair, projecting it to reach 1.3933 soon.
Following this, a retest of the previously broken structure was observed on Friday, leading to subsequent consolidation.
A bullish breakout above its intraday resistance further confirms this upward trend.
We anticipate continued upward movement for the pair, projecting it to reach 1.3933 soon.
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