Overview
USDCAD Has been struggling to take out Major Monthly Resistance since it first approached the area at the beginning of the year. The USD being in a long term uptrend caused the pair to consolidate in that area for several months. The month of April however, has shown an engulfing Monthly Candle which supports the idea of a larger pullback taking place.
Levels
1.2797/1.2800 - Jan 2015 Highs / Monthly Resistance (Late 2008) / Monthly Resistance
1.2475/1.2525 - Monthly Channel Upside Resis…
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