Near-term uptrend for Canadian dollar

But, the major trend is down and  the intermediate trend is down for the Canadian dollar

Canadian Dollar 8-Month Daily Chart

Canadian Dollar 8-Month Daily Chart

Reference the last chart analysis for the Canadian dollar when it was testing major support at $0.7400.

Market News: Canadian dollar notches six-week high as Bank of Canada turns less dovish


“Technical Analysis is about putting the probabilities on your side.”

Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

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