In USDCAD, the market's price is facing a higher Resistance zone where rejection of the price can be seen in the past. The support area is also a very strong zone where the price was rejected several times, Bears are gaining the strength against bulls. A good chance for the bears to enter the market and make it a downside move.
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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.