USDCAD Weekly Analysis – August 5, 2023

USDCAD is currently confronting the resistance of the falling trend line on the weekly chart. As long as the price remains below the trend line resistance, the bounce from 1.3092 could be considered a consolidation phase within the long-term downtrend from 1.3977. In this scenario, a breakdown below the support level at 1.3092 could potentially … <a href="https://www.forexcycle.com/long-term-forex-analysis/136547-usdcad-weekly-analysis-august-5-2023.html">Continue reading<span> "USDCAD Weekly Analysis – August 5, 2023"</span></a>