USDCAD consolidates near highs. What next technically for the pair as the new week begins. ...Middle East

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USDCAD consolidates near highs. What next technically for the pair as the new week begins.
The USDCAD is consolidating after reaching new highs going back to August 5. In trading today, the high price extended to 1.39057. The low price extended to 1.38813. That's only a a narrow 24 – 25 trading range. That is well below the month-long trading range of 55 pips. There is room to roam but the market is being confined at the moment.Having said that, there are two support levels that I am watching. The first is at 1.3888. The price has traded above and below that level in trading today but is currently back above. The other level of support is at 1.3864. See the video above that outlines the importance of those levels. With the session low at 1.38813, the price has spent time below 1.3

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