USDCAD Big movement to the downside as previously expected. We are currently floating around strong support, but overall we are looking very bearish. After a big push down there will always be a short retest to the upside followed by possible strong movement to the downside to continue the overall trend. UC is a tricky one because if we do sustain at these levels we could start climbing back to the upside. That being said, as mentioned I’m favoring more downside moment.
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