Does the currency pair cross the resistance of 1.2899?
The US dollar is bullish against the Canadian dollar, and USDCAD could continue to move positively back from 1.401 to 1.2899. With the break of this resistance, the pair will reach the next target at the rate of 1.3022.
However, from the sellers’ point of view, the USDCAD market will range if the pair crosses below the partial support of 1.2683.
* Technical H4 analysis of USDCAD
* Technical daily analysis of USDCAD
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