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USD/CAD break lower may have legs to run

From a technical standpoint, this is one of the more attractive dollar charts at the moment in my view. The pair had largely been consolidating around 1.3300 to 1.3900 since the end of last year, and finally we might be seeing a break in that range.The drop this week takes out the key trendline support (white line) and more importantly, the weekly close now may be set for a break below the November low of 1.3225. That will be a massive win for sellers if they can hold steadfast in their convicti... Read More

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Usd

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Break

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Usd cad

Forex

Posted: Jun 16 2023, 10:32

Author Name: forexlive

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