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USD/CAD Price Analysis: Bulls looking for an upside breakout
USD/CAD is shaping up for a bullish bias according to the confluence of recent hourly price action, a break of key structure and the daily and weekly chart outlooks. The following illustrates the bullish bias from a daily perspective taking into account the market structures on various time frames. chart The hourly conditions are bullish with the move from overnight taking out what was presumed to be a critical level of resistance. Instead, sellers gave way to the bulls and the area would now be expected to act as an area of support on a retest. chart The daily chart shows that the price has corrected last week ... (full story)