USDCAD approaching 2009 resistance level
The USDCAD has been in a bullish trading channel and made significant gins from its 2012 low. With the CAD showing signs of weakness all-round we can expect to see further gains on the USDCAD but not before beating the 1.1748 resistance zone from 2009.
The USDCAD is also approaching the top of its trading channel which in congruence with the 2009 resistance level will possibly provide significant resistance.
There was a break and retest of minor support o…
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