USDCAD: Midterm Projection
USDCAD remains bearish.
You can see that the market one more time has respected a falling resistance of the channel.
Our bias is bearish and our next mid-term target is 1.3 structure support level.
Strong selloff that we saw on Friday will most likely trigger more selling volumes and
after a small pullback, selling pressure will proceed.
*it is not a trading recommendation!
I just share with you my outlook on this pair.
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