USDCAD is challenging 1.3000
USDCAD is testing the strong upside resistance. This also represents the possible beginning of the impulsive powerful long-term third wave of the five waves higher that could lead long-term above 1.4690.
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The weekly chart reveals a rising wedge and ascending triangle with the 1.3000 resistance. Break above this resistance should be confirmed for the upside continuation to accelerate and be confirmed. The support now is 1.2900-1.2950.
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