USDCAD is facing bearish pressure

USDCAD is facing bearish pressure from our first resistance, in line with our descending trend line, where we could see a further drop below this level. The Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.


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CADChart PatternsHarmonic PatternsTrend AnalysisUSDUSDCAD

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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