Considering the fact that every downside trend keeps losing strength relative to the upside impulse trend, the convergence in this consolidation seems to be choosing an upward drift. I would be weary for Canada and the potential for a weaker dollar...
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This was way too soon and ignored the larger downward .886 line with a hope that it would break. I would still anticipate upside from here if it can regain some of the drawn levels of the bottom of this consolidation channel that it's been in since March.