Hourly chart: The exchange rate saw a massive spike during the last hour and escaped from the triangle which was slowly built during the last week. Target prices are at 1,10575-1,10675. The moving averages are currently below the spot price adding their support for further gains.
There are various resistances and the 200 moving average as well at the previously mentioned target levels on the 4 hour chart, and these might bar the USDCAD from further advances.
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