MFXSCharts

USDCAD Struggling at major resistance zone

FX:USDCAD   U.S. Dollar/Canadian Dollar
The Loony has once again been rejected at the major resistance zone above 1.32. Pair is pulling back towards the broken wedge top. We'll be keeping an eye out for a bounce from there and failing that; looking for a higher low around 1.3. There is a chance the pair corrects near flat down to the September lows around 1.2820 - though we think this unlikely.
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