USD/CAD has broken through a resistance line of a Triangle and suggests a possible movement to 1.3562 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 12 days.
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After testing 0.9339 numerous times, EURCHF is once again approaching this price point. Can we expect a bullish trend to follow?
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Is the extremely large movement on EURCAD a sign of things to come?
EURCAD has moved higher by 3.74% from 1.535385 to 1.59278 in the last 28 days.