USD CAD Stabilizes at 1.4150 After Retreating from Multi Year Highs
USD CAD remains steady for the second consecutive day, trading at 1.4150 during the European session on Thursday. Analyzing the daily chart reveals that the Loonie pair trends higher within an ascending channel pattern. This setup indicates a strengthening bullish bias that may continue to unfold. Traders should watch for potential breakouts above this level or consolidation patterns that could provide further trading opportunities. Keep an eye on upcoming economic indicators that could influence the USD CAD direction.
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