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USDCAD

You can see that investors who are trading the currency pair have a strong pressure to break the resistance level. I write about it many times that if a level is repeatedly tested, it becomes weaker with each subsequent one. This is because investors interested in buying a stock keep buying until finally there are no offers and the price breaks through. In the picture we can see that the price is on our resistance line for the sixth time, so we can expect a breakout soon.

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