$USDCAD - Short Trend Confirmed
Weekly failed breakout from the 1.2751 area causing a retest of the 1.1950 and confirming down trend change. Rejection from this area could cause a price reversal back above the upward trend line at 1.2500 point with possible convergence with the 49EMA line in the future. I see this pair over extended as it has been a summer of hell as far as price erosion is concerned, and i'm looking for any evidence of price reversal effects.
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