USD/CAD is in consolidation for the downtrend from 1.3327.
USD/CAD is in consolidation for the downtrend from 1.3327. Further rally is still possible and the target would be at the bearish trend line on the 4-hour chart. However, as long as the trend line resistance holds, the downtrend could be expected to resume, another fall towards 1.2900 would likely be seen after the consolidation.
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