USD/CAD Poised for Key Resistance Test and Potential Breakout

Hello,

The USD/CAD has experienced significant upward movement recently and is positioned for further gains. Key resistance levels on the 1-month and 1-year charts are likely to be tested. If the price settles above these levels convincingly, we could see continued upward momentum. However, if it fails to hold, we may see further tests of support levels.

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Pivot PointsSupport and ResistanceTrend Analysis

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