As for the USD/CAD
pair, the 1.26 – 1.2350 band has shaped up, and a fairly important resistance level
is 1.254. The buy level (1.16750) is gradually weakening as the trend has been fairly long and the pair has attempted many times to breach this boundary. For real trades I recommend considering only sell levels at 1.2370 and a lower one at 1.23500.
I trade using techniques for bands in the USD /CAD pair. The bounds of these trading bands are defined using the latest highs on the hourly chart.
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