Range and Trendline Breakout Pushes USD/CAD to Parity

Range Breakout: The consolidation range we saw yesterday first broke to the downside, but price action pulled back immediately and showed that it was a false breakout during the 1/23 US trading session. In the previous USD/CAD update, I noted that a break to the downside is against the trend in the…

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Range and Trendline Breakout Pushes USD/CAD to Parity