USDCAD is reaching the 1.3800
USDCAD reached 2018 high. This is the intersection of strong horizontal resistance and a long-term downtrend Pitchfork channel. A break above this level is required for an upside continuation. A rejection here which is happening would lead to a deeper pullback to a 1.3100-1.3200 zone.
Note: look for the short trade entries with the stop loss above 1.3800
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