USDCAD is bottoming and reversing higher
USDCAD is bouncing again off the 1.2500 a strong upside support confluence. This bounce is giving a higher probability of reversal to the upside which will be confirmed by a break above 1.2600. A break below 1.2500 is now required for a downside reversal and continuation. A break above 1.2600 will increase the possibility of an upside 300 pips swing.
Note – Look for the long trade entries with the stop loss below 1.2550
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