The pair has now confirmed a possible long term reversal with a bounce on top of the key 0,97 level from last week.
We now encourage a bullish prospect on the USD/CAD and expect a test of parity very soon before a continuation to the upside. The daily and weekly studies are pointing to further gains on the pair over the coming weeks.
Only a break below 0,97 would negate this scenario and expose further sideway moves.
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