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USD/CAD: Assessing Resistance and Bullish Retracement

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hello Everyone,

The USD/CAD is approaching a critical juncture, where the sustainability of resistance becomes pivotal. Failure to maintain resistance could pave the way for another upward surge. In terms of trends, there's a discernible gradual bullish retracement, indicating a potential long-term bearish outlook. In summary, should the daily resistance prove resilient, we may anticipate further downward momentum.


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