USDCAD has broken the top level of the down trend line.
After the breakout, market retested the breakout level and now it starts to bounce up.
After the confirmation of Upward move, USDCAD Buy signal is given.
USDCAD reached the take profit target successfully.
USD getting strong
The dollar appreciated on Thursday; traders closed short positions in USD.
ECB having a clear interest on to move above 1.20 against USD, but inflation is a drawback for Euro to further climb up.
Fed already clearly intimated lower interest rates for a longer time and more accommodative stance also applicable if situation getting worse.
Central banks aiming to achieve economic recovery in different tactics. This week NFP data would drive the US dollar as per the expectation of Technical Traders.
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