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USDCAD - 1H CHART ANALYSIS

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Hi everyone,

Please see attached my USDCAD 1H chart analysis.

As we can see on the chart i have drawn out a key area which price is currently using as resistance.

We can see that there is a hammer candle forming at the top of this uptrend, this could be a potential sign of a reversal.

With the two things above considered I will be waiting for the close of the hourly candle and see if the sell trade is avaliable.

Add this to your watchlists people.

DWFX

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