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Either a rebound or a breakout imminent on USDCAD

Past performance is not an indicator of future results.
USDCAD is heading towards the resistance line of a Triangle. If this movement continues, we expect the price of USDCAD to test 1.3396 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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