USD/CAD: The trend is long, as the short term correction gives us good levels for new long positions with SL: 1.3432
Alternative scenario: the price went under 1.3423 it will confirm the declining movement and we will need to reverse our positions to short.
Commentary: breakaway of the diagonal support
TD Sequential counted 9, which is a signal for new long movement.
Breakaway of the horizontal support and test at 1.3494
CCI(50) broke above 0
RSI broke above 0
Higher lows and highs, signal for a possible change of the short term tendency
Jr Trader Alexander Kumanov
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