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USDCAD Forecast : Disappointing Data

Head And Shoulders on the H4 chart

USDCAD Forecast: Disappointing Data Put CAD under bearish pressure

Latest disappointing data put Canadian Dollar under bearish pressure.

BoC may not be as hawkish as FED this year.

1.26200 is an important support. The bullish move will continue as long as the price holds above 1.26200.

Head And Shoulders Pattern on the H4 Chart.

USDCAD is likely to test 1.27000 and 1.28400 midterm.

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USDCAD Forecast:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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