Consolidation: The previous update observed a bullish breakout from a declining channel, and USD/CAD picking up momentum. The rally stalled into a consolidation range around the Christmas holiday. The 1H chart shows the range to be roughly between 0.9908 and 0.9950. Trendline, momentum: The 1H chart…

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USD/CAD Rallies off Bullish Trendline, Challenges Resistance
