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Big movement possible on USD/CAD after a breach of 1.3530

USD/CAD has broken through a line of 1.3530 and suggests a possible movement to 1.3597 within the next 5 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 25 days.

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