USDCAD Eases as it Fails to Clear the Upper Boundary of the Channel

<p>USDCAD was stubbornly fighting near the 1.2875 resistance, which is the upper boundary of the consolidation area of 1.2450-1.2875, but failed to jump above it. The area has been holding since December 2021 and only a violation of 1.2875 or below 1.2450 may change the neutral view. The technical picture, however, suggests a bearish bias [&#8230;]</p>
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