Technician

USDCAD: Shifting Long Term Trend

FX:USDCAD   U.S. Dollar/Canadian Dollar
407 1 6
USDCAD             Is testing a ten-year plus falling trend line, that comes following a break of a horizontal resistance around 1.0850, which indicates a bottom is in place. We may see a corrective dip from the trend line resistance for a retest of the broken resistance area, which should turn to a good floor for price ahead of resuming the breakout and the potential long term trend shift.

Note: This is a logarithmic chart.
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sunny
2 years ago
what do you mean logarithmic chart?
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