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USD/CAD – Looking for Breakout in Momentum

posted by Avatar FXTimes 469 days ago in USD, CAD, Technical made popular 469 days ago

The USD/CAD respected the declining channel resistance the last couple of times, but since finding support at 0.9927, its momentum has gotten flat. The 1H chart shows the RSI reading stuck between 40 and 60, reflecting the neutral and consolidation momentum. Today, a sharp attempt to break the declining channel resistance resulted in a...
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