On the USDCAD chart, we can see that the pair is breaking above the 1.3100 bullish wedge resistance level which is opening an upside extension into the 1.3400 level. If we get a daily close above this level there is not much upside resistance and the pair is open to 300 pips upside continuation.
Note: look for the long trade entries with the stop loss above the 1.3060 level.
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