USD/CAD: Up Trend and small correction
Flag formation, Break above and retest
The correction reached FIB level 50, ending with Doji or Pin Bar formation
The current bar is passing above the signal bar - the doji is possible signal for new impulse in the direction of the up trend
The indicators are in positive zone, showing that up trend is in
Sentiment: The negative news and futures outlook for Crude Oil are far from over, and CAD price is closely correlated with Oil prices. The change in the monetary Policy of the FED will support the USD.
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