The USD/CAD pair moves sideways in the short term and it seems undecided. Most likely, the traders are waiting for the Canadian economic figures before taking action. The Retail Sales and Core Retail Sales are expected to come in worse compared to the previous reporting period, which could be bad for the CAD.
As you can see on the H1 chart, the price action developed a triangle and a range in the short term. A valid breakout from the current range should bring us new opportunities.
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