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USDCAD bounced perfectly from the daily support. Comprised of an AB=CD formation at 1.3089, a support at 1.3067 and a 161.8% Fib extension at 1.3028 (forms part of the AB=CD structure), this area likely has enough confluence to hold price. ————————————————————— Bear Bull Traders – The Learning community of serious traders. Join me on Telegram - @BearBullTraders
Gold re-entered the ascending channel formation and retested the upper edge. The next downside target is 1392 zone which is the weekly support. This morning The price action is testing 1372-1386 zone. There is a chance we could observe action from this zone. This is despite daily price selling from supply at 1448.9-1419.9, and showing space to press as far south...