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CADJPY: the first goal is achieved - the fall continues

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In February of this year, the price bounced off the local resistance line of 84.62 and fell to the historically strong support level of 74.92. After that, the rising wedge pattern began to grow. After leaving the pattern, the price increased by the volume of the collapse. Pushed off the resistance in 2019 again, fixed on it at point 88.17. And now it falls. It can be expected that the price will break through the level of 84.65 and fall towards the support at 82.46.

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