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Long

USD/CAD Price action analysis

FX:USDCAD   U.S. Dollar / Canadian Dollar
The 4-hour chart of USD/CAD has broken its downtrend formation.
It has made a higher high and also broken the neckline of the head and shoulder pattern, which initiated the downtrend.
We advise the traders to catch the trend early when the pair makes a dip. Traders can long on a dip when buying cues cast on shorter time frames.
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