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USDCAD Market Direction Turns Bullish

USDCAD Market Direction Turns Bullish
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USDCAD Keeps Ranging Between Major Zones

USDCAD Analysis – June 30 USDCAD keeps ranging between its six-month high (1.3000) and its six-month low (1.2500). Until May 31st, 2021, the USDCAD market had been in a bearish move, forming lower highs and lower lows. Between May 2021 and December 2021, the USDCAD was forming higher highs and higher lows, indicating that the […]

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USDCAD Is Undulating in an Upward Direction

USDCAD Analysis – June 15 USDCAD is undulating in an upward direction. The market’s latest move sees it bounce back off the conduit channel’s lower border to reach the channel’s upper border. The bullish strength in the market is currently very strong. However, there are hesitations as the price climbs towards the 1.28980 significant level. […]

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USDCAD Bears Redirect the Market Momentum in Their Favour

USDCAD Analysis – June 1 USDCAD bears have reconstructed the market to push momentum in their favour. Buyers were assumed to have full control over the market. They had interrupted the bearish flow below the triangle pattern and redirected the market upward. After that, the market enjoyed a period of an unabated uptrend that breaks […]

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USD/CAD Refreshes Daily Lows of 1.2760 as the Dollar Index (DXY) Loses Strength, and Oil Prices Rise

USD/CAD dipped sharply during the Tokyo session, while the Dollar index depreciates in its upward momentum and oil prices increased due to new supply worries. USD/CAD experienced the action of downward forces today (Friday). Following a little change in its direction, the market drew the attention of buyers at 1.2318 price level, then dipped till […]

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