USDCAD has recently been in a short-term uptrend and is approaching a monthly resistance level. This resistance is around 1.395

The candlestick pattern forming in this area suggests buyer exhaustion and the potential for a price reversal.

Note: Proper risk management is essential, and traders should keep an eye on major economic news affecting both the US dollar and Canadian dollar.
Chart PatternsTechnical IndicatorsTrend Analysis

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