USDCAD New lows formed
USDCAD has been in a downtrend for some time now. I have marked out a few key areas here and today saw NFP break the monthly resistance. If we remain below this and the yellow highlighted area we could potentially see further downside from this. However we may see price recover and potentially be in for another bounce from the trend line. I have also marked out a possible few targets for this should we see more bullish movement.
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