🔸 "USD/CAD Breaking the Downtrend" Daily Chart: . . 🔸 Price has been on a Descending Wedge for more than a year. . 🔸 It has broken the Descending Trendline of the Wedge today. . 🔸 We consider it has potential to reach the Resistance Zone at 1.35300, and, if this zone is broken, then the next target is the Resistance Zone at 1.36500. . 🔸 We are waiting for a lower timeframe corrective move to get involved on this pair.
USDCAD will be monitored also from me, with this analysis
ThinkingAntsOk
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@transparent-fx, Nice view! I am waiting for a pullback to that zone also. Let's see what happens this week. Thank you for your comment! Have a nice day.