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Using Former Support As Resistance? Level to Watch

FX:USDCAD   U.S. Dollar/Canadian Dollar
39 0 1
We have finally broken down from the 1.24 level and have found support on a weekly trendline. Could we use this former support as resistance and a springboard to push us down further? I will be very interested if we can somehow get back to that level.

Good Luck!
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