USDCAD testing the reversal breakout
USDCAD is testing the reversal breakout 1.3730. For the upside extension from here, we need to see a break above this level. A daily close below 1.3600 will invalidate the breakout continuation. The pair bounced off the strong long-term upside support 1.3400 in a correction from 1.4700 upside swing. The overall trend is up.
Note – Look for the long trade entries upon a break above 1.3730 with the stop loss above 1.3680
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