Past performance is not an indicator of future results.
USDCAD is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If USDCAD continues in its current trajectory, we can expect it to reach 1.3247 within the next 2 days.
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