USD/CAD consolidating at falling trendline

Short-term bull, consolidation: The USD/CAd has been in a bit of bullish mode since mid-January, staying above the 0.98 handle. Looking at the 1H chart, you see bullish momentum as the RSI remains above 40, and has been able to go above 70, especially in last week’s attack of the 0.9945 resistance….

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USD/CAD consolidating at falling trendline

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