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U.S. vs. Canadian Dollar Outlook: Near-term Bullish, Longer-term Bearish

As requested by member @lee1 in the trading room, here are my thoughts on the USD/CAD pair: Viewing this 3-year chart with 2-day period candlesticks (every stick represents 2-days of price history), the USD/CAD recently broke down below this well-defined uptrend line following a blow-off top & divergent high (bearish). With a healthy drop in [...]