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Dollar A.S. / Dollar Kanada

USD/CAD Weekly Analysis

Since price printed a weekly bearish engulfing candle at 1.3900, we have seen a continuing bearish impulse with a possible support now being found at the 1.3440 zone. There is potential for price to retrace towards 1.3640 for a correction, before recommencing a second bearish impulse towards 1.3230 where the market found weekly support during December 2023.
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