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Forex News USD/CAD

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USD/CAD found some support at 1.3050 but remains bearish for now. Whether it will break out below the aforementioned level before the market close tomorrow remains to be seen though.
 
The market was very bearish last week and there was no indication for a reversal so I expect that to continue tomorrow.
 
USD/CAD was quite bearish when the market closed on Friday, if that continues next week we may see it drop to 1.3100.
 
It's very slowly inching north but I suspect we won't see it break out above 1.3300 before the end of the trading week.
 
It pulled back from 1.3275 after forming a shooting star candlestick at that level on the daily time-frame, it may now drop to 1.3200.
 

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