Sasha Singh
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USDCAD : Trend Reversal May Occur

(USDCAD : Hourly Chart)

USDCAD seems like following a descending channel trend on the hourly chart. The pair is currently testing the resistance trend line of the channel. Breakout from the resistance trend line will confirm the reversal of downtrend to uptrend. From the stochastic oscillator also the signal trend line is below the average trend line which confirms the continuation of upward movement of the pair.