AnalyseForexTechnical Analysis Of CAD/USD

Technical Analysis Of CAD/USD

The Canadian dollar has experienced a significant decline in recent trading sessions, breaking below the support levels or the lower side of the rectangle at the price of 1.3225. If the price remains below these levels, the likelihood is for further decline and selling with targets reaching 1.3180 as the initial objective. However, if the price manages to break above and close beyond these levels, the probability is for an upward movement.

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