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USDCAD: Price Action Analysis & Bullish Outlook

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USDCAD has formed two bullish chart patterns: a falling wedge and a cup-and-handle pattern within it.

Recently, a single 4-hour candle breached both the pattern's neckline and the wedge's resistance line.

This breakout suggests a bullish trend continuation, targeting 1.4543 and 1.3571.

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