Contributors Technical Analysis USD/CAD Attracted By Dynamic Resistance

USD/CAD Attracted By Dynamic Resistance

We have a throwback underway on the Daily chart, it’s expected to hit the median line (ml) of the minor blue descending pitchfork, where he could find resistance again. Only a breakout above this line will confirm a larger increase in the upcoming period. However, we may have a sideways movement before will recapture enough directional energy for a major increase.

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