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Short

USDCAD - Weekly forecast

FX:USDCAD   U.S. Dollar/Canadian Dollar
28 0 1
UsdCad             formed a Triangle pattern, and we took a sell entry last week after the two bearish pin bars formed on the daily graph (retest of pattern). UsdCad             closed below the near term support of 1.3000 level and formed a bearish pin bar candle on the weekly charts (not shown here).

We will remain bearish on UsdCad             to target prices lower
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