Past performance is not an indicator of future results.
USDCAD is moving towards a line of 1.2892 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDCAD continues in its current trajectory, we can expect it to reach 1.2892 within the next 21 hours.
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