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USD/CAD Maintains Bullish Momentum and Structure

posted by Avatar FXTimes 619 days ago in USD, CAD, Technical

The USD/CAD was rejected from rallying above 1.0, parity level. A glance at the RSI sees that the 1H reading is still above 40. Since it has tagged above 70, remaining above 40 would be a sign of bullish momentum maintenance. It should also be noted that the attempt was in a 5-wave motive wave manner, and the decline since has been in an 3-wave...
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