USDCAD is testing the downside confirmation at 1.3163 where the horizontal swing low is. If price closes below this level, it could indicate further downside to come. MACD is also indicating more bearishness to come.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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Disclaimer
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.