On the H4, USDCAD once again bounce higher from the demand zone around 1st Support at 1.26800. USDCAD is consolidating within a channel for now. For further upside to take place, price has to close above the descending trendline and 1st Resistance at 1.27675. For the downside case, price have to make a clear break below the 1.26650 before it could go lower.
NFA
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