Bulls still in control
Price has been going up for an entire month, and there is no sign of exhaustion. Also given the fundamental factor of investors going risk-off at this time of uncertainty, I expect USDCAD to continue going upwards.
On the technical side, we can see price broke above 1.386. It was retested and rejected with some good momentum in the early hours of London session. I am taking a long position here with a tight stop loss.
On the technical side, we can see price broke above 1.386. It was retested and rejected with some good momentum in the early hours of London session. I am taking a long position here with a tight stop loss.
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