CAD/NOK
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Breakout! The start of a major downside breakout?

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CADNOK has been consolidating since mid-2023. Price action has formed a clear symmetrical triangle on the weekly chart. The breakout is imminent.

With the CAD's future looking gloomy, the price may finally have the momentum it needs to break the consolidation. From a technical perspective, the price is coming off daily and 4-hourly moving averages.

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