USDCAD is testing the strong upside resistance
USDCAD is testing the strong confluence of resistance 1.244. This is the confluence of the resistance broadening wedge resistance and horizontal resistance. A break above this level for the upside continuation. A rejection here is required for the downside reversal and swings down to 1.2060 again. This is a critical point for the medium-term and long-term direction in pair.
Note: you can go long upon a break above this level or short on the price rejectionÂ
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