USDCAD broke above the top resistance trend line of price channel on the 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.3793 is needed. Range trading between 1.3387 and 1.3540 could be seen in a couple of days. Resistance is at 1.3540, as long as this level holds, the downtrend from 1.3793 could … Continue reading "USDCAD Daily Analysis – May 31, 2017"
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