The pair is in an Uptrend for a while and looks over-bought, price is retesting monthly resistance and broke multiple structure to the downside indicating that the bears have took control!
will be monitoring this pair for a selling opportunity around 1.2900 level in correlation with CAD strength.
Chart PatternsforexsignalsTechnical IndicatorsreversalswingtradingTrend AnalysisUSDCAD

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