USDCAD is currently looking to hold on to the 1.3200 price level to keep its bullish momentum alive. After failing to reach 1.3300, the price has steadily declined with lower highs spotted on the 4-hour time frame. A price break below 1.3200 support could see the price drift towards 1.3120 which was the low of June.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.