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USD/CAD Forming a Short-term Double Top Under 1.03

posted by Avatar FXTimes 361 days ago in USD, CAD, Technical made popular 361 days ago

The USD/CAD rallied sharply during the 6/21 session where risk off trading pressured commodity currencies and boosted the USD and JPY. As you can see in the 4H chart, the rally broke above a short-term trendline but is now testing the trendline that held June’s decline, at 1.03....
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