In the weekly time-frame we saw price break past the lowest level of support at around the .69 lvl and saw short bounce to test that level and from a fundamental perspective and technical analysis i'm expecting a retracement back to the .66 lvl along with the fact that fear and uncertainty stemming from the coronavirus has a decent probability of negatively affecting the Canadian Dollar.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.