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USD/CAD Weekly Outlook

Oleh drewbyfx
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Last week this pair saw a break of the bull trend line. It retested the trend line 3 times and failed on the fourth where the yellow highlighted zone is. This to me shows even more slowing bullish momentum and a bearish bias. The lower trend-line is my confirmation trend-line. I am waiting for a break and retest to the great highlighted zone before the first downside target of 1.33780. If that breaks I see It continuing to the next support of 1.32750.
Nota
This is an analysis trade at your own risk with proper risk management.

Happy Trading!
Nota
Failed to break the trendline waiting to see if the yellow rectangle of resistance is broken or we see a push back down and then the move happen.
Chart PatternsTechnical IndicatorsTrend Analysis
drewbyfx

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