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USDCAD Technical Analysis - Rangebound

On the daily chart below for USDCAD, we can see that after the fast selloff since the break of the 1.3553 level, the price bounced near the 1.33 handle and rallied quickly back to the 1.3553 resistance. The moves in USD/CAD have been aggressive lately with rallies and selloffs extending for hundreds of pips with almost no pullbacks along the way. In the bigger picture, the pair hasn’t been doing much as it’s still in a huge range between the 1.3225 support and the 1.39ish resistance. Both the ce... Read More

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Content Topics

Usdcad

Technical

Analysis

Rangebound

Forex

Posted: May 16 2023, 09:05

Author Name: forexlive

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