USD/CAD Consolidating Between 1.0050 and 1.0130

Consolidation, breakout targets: The USD/CAD has been consolidating since the end of April. The 1H chart shows a market that found support in the 1.0050-1.0060 area and then resistance roughly in the 1.0120-1.0130 area. There is a “central pivot” around 1.0090. Below that there is bearish bias…

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USD/CAD Consolidating Between 1.0050 and 1.0130

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