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U.S. Dollar / Canadian Dollar
Short

USDCAD is facing bearish pressure, potential for further drop

By Tickmill
Broker
USDCAD is facing bearish pressure from our first resistance, in line with our 50% Fibonacci retracement and 100% Fibonacci extension and 100 EMA, where we could see a further drop to our first support target. A break below our downside confirmation level would provide the bearish acceleration to our first support target.

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CADChart PatternsHarmonic PatternsTrend AnalysisUSDUSDCADusdcadlongusdcadshort
Tickmill
Broker
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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