USDCAD is testing the resistance for a complete upside reversal
USDCAD is testing the resistance for a breakout reversal upside 1.2500. A break above 1.2500 is needed for the continuation upside and a complete upside reversal to 1.2900. A rejection here would leave the pair in the consolidation broadening wedge between 1.2000 and 1.2500.
Note: look for the short trade entries with the stop loss above 1.2500. If the trade would be stopped out reverse to long Â
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