Yet again, price action on USD/CAD appears to be targeting the 4-year high in the pair (around 1.3000) that has already been triple-tested within the last several months. At the current juncture, price is traveling up a steep uptrend support line, with the key 1.3000 extreme in its sights. If price loses its bullish momentum, as technical oscillators are suggesting, and breaks down below this steep uptrend line, price should eventually find major support in the 1.2100-1.2150 zone.
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