The US dollar is testing a strong resistance against the Canadian dollar.
The USDCAD has reached a resistance level of 1.2879 and the short-term trend of the US dollar against the Canadian dollar is suffering.
With the break of the resistance of 1.2879, the rally can lead to a sharp rise.
However, the technical outlook for the market will remain bullish as long as support at 1.2675 remains in place.
* Technical H4 analysis of USDCAD
* Technical daily analysis of USDCAD
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[email protected]
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