USD/CAD Daily Analysis – Thursday, January 4
USD/CAD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.2920 is underway. Range trading between 1.2499 and 1.2600 would likely be seen in a couple of days. As long as 1.2600 resistance holds, the downtrend could be expected to resume and another fall towards 1.2400 is…