USDCAD Rebounds Strongly, Crucial Trendline in Sight

<p>USDCAD had been in a steady downtrend since early March, generating a clear structure of lower lows. However, the pair found its feet at the 10-month bottom of 1.3091 and attempted to recoup some losses, with the price testing the ascending trendline that connects the pair’s higher lows from November 2022 until early May. The momentum […]</p>
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