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UsdCad to break above resistance

August 30, 2022 by Dominic Walsh Leave a Comment

Since May, 1.3050-1.31 is acting as resistance for UsdCad with the pair reversing every time after touching this zone.
However, bulls regain control every time putting in higher lows on our chart giving the impression of pressing to the upside.
I expect a break above this zone in the medium term and a rise to the next important level at 1.35

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