USDCAD might see more downside if it breaks below 1.3163
USDCAD is testing the downside confirmation at 1.3163 where the horizontal swing low is. If price closes below this level, it could indicate further downside to come. MACD is also indicating more bearishness to come.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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