On the USDCAD daily chart, we can see that the pair is testing the 1.2600 level of the upside resistance for a continuation into the 1.2800 level of 200 SMA (blue line). Rejection from here could lead to a corrective pullback into the 1.2300-1.2400 zone.
Note: stay away from the trade entries for now and go for the long trade entries only in the case of a daily close above 1.2600 level
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