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USDCAD made a bearish exit, potential to drop further!

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
ICmarkets Corretora  
FX:USDCAD   Dólar Americano/Dólar Canadense
Trend Analysis Harmonic Patterns Chart Patterns USDCAD USD CAD usdcadshort usdcadlong Forex forexsignals Bitcoin (Cryptocurrency)
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trendanalysis harmonicpatterns chartpattern usdcad usd cad usdcadshort usdcadlong forex forexsignals bitcoin
USDCAD made a bearish exit from its ascending channel where it has the potential to drop further to its 1st support at 1.2795 (38.2% Fibonacci retracement, horizontal overlap resistance) or to its 2nd support at 1.2739 (100% Fibonacci extension, horizontal overlap support, channel exit potential). We have identified resistances at 1.2965 (horizontal pullback resistance), 1.3051 (horizontal overlap resistance) and 1.3161 (61.8% Fibonacci extension, 100% Fibonacci extension, horizontal pullback resistance).
RSI (89, 5, 3) shows a bearish exit which contributes to our bearish bias.
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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