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USDCAD






8/6/2020 3:01:51 AM

USDCAD - Technical Analysis: Thursday, 06/08/2020 07:01 GMT



The USDCAD pair’s move inside descending channel supports the continuation of the bearish trend, and the recent break to the support line –dashed line- signals that the door is open to continue the decline.

The exponential moving averages 50 and 100 continue to press negatively to push the price towards more decline.


Target
Risk


Support
Resistance


Trend Bearish

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