USDCAD currency pair broke the uptrend line that began May 3rd. Following appeared dips, but last week the price started to rise again.

The last two peaks in the chart formed on the upper levels while MACD indicates that the second of which is at a lower level. This gives us a bearish divergence and points to possible declines.

More conservative traders can wait in this case for the closure below the line visibile one the chart.0106-USDCAD


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