dan11

USDCAD buy opportunity

FX:USDCAD   U.S. Dollar / Canadian Dollar
Due to the news, we have seen a strong bullish candle which has broken a 1-hourly sup/res line. I expect a retest followed by an engulfing bullish candle on the hourly chart. At this point, I'd expect the market to rise up to the 4-hour resistance line (yellow) making this a potential buy opportunity.
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