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USD/CAD: Ascending Channel

USD/CAD, 4 hours    SHORT May 30
USD/CAD gives an ascending channel and the price is ready to break out. An ascending channel is a bearish price formation that can be used to predict an upward trend is about to reverse into an downward trend when price collapses through the support line. A move towards 1.355 is on the cards once below 1.358.
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