Hi, traders. Thanks for tuning in for today's update. Today, we are looking at USDCAD on its daily chart.
Today, we are wondering if the USDCAD is setting off on a new move higher after holding support. Price continues to test at the descending triangle pattern, which could be seen as a consolidation in the uptrend and as a continuation pattern.
We have listed a few things to watch out for and the next levels of resistance. What do you think? Is this a new leg higher?
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