Price is currently contained within a triangle pattern. As long as the 1.2385 support region holds, USDCAD remains bullish. A break of this level would likely see price fall towards the 1.2045 region.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.