USDCAD is holding below the descending trendline and is testing the previous swing low at 1.31012. If price closes below this downside confirmation, it could open up more downside from here towards 1st support. EMA is also showing signs of bearishness.
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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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.