USD/CAD’s downside movement from 1.3432 extended to as low as 1.3036.
USD/CAD’s downside movement from 1.3432 extended to as low as 1.3036. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next target would be at 1.3000 area. Only a breakout of the channel resistance could signal completion of the downtrend.
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