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USDCAD Breakout Targets 1.3700
USDCAD is breaking out of a massive triangle pattern I’ve mentioned several times. We looked at the pair on January 13th as it was coming off of the 1.3300 support that dates back to July 2021. That area triggered a bounce after a couple of retests. Then on Wednesday, we saw USDCAD close the day above the 1.3535 resistance level from October. Bulls managed to hold the level on Thursday, and USDCAD tested that 1.3535 area as support again today before a significant rally. So far, USDCAD is forming a base above that former resistance level. We discussed this breakout yesterday in the Daily Price Action community, ... (full story)