As we can see, the pair has broken the top level of the descending channel in the 4-hour time frame chart. We expecting upward movement on USDCAD after bouncing from the resistance level 1.21314.
Note
We got the analysis 100% right!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.