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U.S. Dollar / Canadian Dollar
Short
Updated

USDCAD at Key Resistance: Bearish Bounce Expected

USDCAD is approaching a significant resistance zone, marked by historical price rejections and strong seller activity in the past. The current market structure indicates the potential for a reversal in this area if price action confirms seller strength.

If the price confirms rejection from this resistance zone, I anticipate a move downward toward the 1.43925 level, which represents a logical target within the current market structure

What are your thoughts on this analysis? Feel free to share any additional insights or alternative perspectives in the comments!
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DanieIM
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DanieIM

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