USDCAD approaching resistance of a Channel Up

USDCAD is moving towards a resistance line 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 could see it reach 1.3601 within the next 20 hours.

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