USDCAD currency pair at the end of last week broke the resistance near the 1.3120 area and has established a high of 1.3253. Downward correction today reached back to an earlier resistance, which now provides support.

Candle with the long wick that tests support and the subsequent demand candle may indicate that the correction has already been completed and return to the increases. The nearest goal in such a scenario will last maxima, and the next resistance is near 1.3285.


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