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USD/CAD Technical Analysis

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar

The counter has formed a bearish cypher pattern.
Further, it has formed an evening star pattern in the hourly chart at the highs.
A down move from here has a good chance to create a descending channel/bullish flag pattern from here.
Hence, we expect the pair to be bearish in the near-term.

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