Chart of the Day USDCAD

USDCAD is breaking above the strong resistance 1.3200 level

On the USDCAD daily chart, we can see that the pair is breaking above the strong horizontal resistance 1.3200 level and also a falling trendline. This break is opening an upside continuation into the 1.3350-1.3400 zone for a further upside extension.
Note: look for the long trade entries with a stop loss below 1.3200 level.

USDCAD chart of the day

 

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