USDCAD Is testing a ten-year plus falling trend line, that comes following a break of a horizontal resistance around 1.0850, which indicates a bottom is in place. We may see a corrective dip from the trend line resistance for a retest of the broken resistance area, which should turn to a good floor for price ahead of resuming the breakout and the potential long term trend shift.
Note: This is a logarithmic chart.
Note: This is a logarithmic chart.