USDCAD - W - ON THE WAY DOWN TO 1.20?
In the short term USDCAD looks like it'll re-test the support level at 1.2000 but then it's anybody's guess what will happen. A bounce off of support may lead to a break of the descending trendline and another run at the 1.2800 level. On the other hand, a break of the ascending trendline would likely mean a drop to the 1.1400 zone.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.