USDCAD: Long-term Analysis

USDCAD, Weekly

In the Weekly timeframe, USDCAD is in a long-term uptrend, and the price has reached a critical resistance area. Despite the solid bullish sentiment, the price has already bounced several times, so it is essential to consider two scenarios.

If the price breaks the resistance area at 1.3870, it will reach 1.4360;

However, another bounce from resistance will drop USDCAD to 1.3600;

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Author: Egor Schmidt

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