Aurum Markets Blog Technical Analysis A possible start of a bullish trend on USDCAD

A possible start of a bullish trend on USDCAD

A possible start of a bullish trend on USDCAD post thumbnail image

USDCAD moved through the resistance line of a Falling Wedge at 1.381794705882353 on the 4 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 1.3892.

Target: 1.3892 Entry: 1.3818 Stop: 1.3781

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