Currently, USD/CAD is trading at 1.4004. The pair started a sideways trend on 21 April and now the price is consolidating in the resistance and support wedges. If the price breaks the resistance level at 1.4124, then it may touch its next resistance level at 1.4525. Although, If price breaks support level at 1.3860, then it may touch its next support level at 13.3533.
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Rishikesh Lilawat
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Thank you,
Rishikesh Lilawat