When we look at the past of the chart, we had a big head & Shoulders in the monthly and weekly time frames.
This pattern is broken and now the price is pulling back on the neckline and we have a strong selling pressure We are also on upward channel, which is in lower daily and weekly time frames
After a bullish rally in daily time frames, it looks like the Canadian dollar will be stronger than the dollar, and we can expect a fall to the bottom of the channel, lets see and which one will be winner!
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*Disclaimer: This is not Signal and you should do your own analysis
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