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USDCAD H4 Technical Analysis and bullish set up

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USDCAD has risen up towards the ceiling of the falling trend channel.
A continued raise may be expected and the current price level may be a good entry price above the 1.25.
Has had a strong fall after the negative signal from a rectangle formation at the break down through the support at 1.32.
The objective at 1.25 is now met, further development in the same direction. could trigger the 1.28
The currency has resistance at points 1.28.
The currency is overall assessed as technically positive for the medium long term.

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