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USDCAD: What to do

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#USD/CAD# USDCAD: What to do

The price falls down to strong support level and will bounce to intersection of resistance lines.

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The recent downtrend in the greenback is mainly tied to the market optimism on the US fiscal stimulus hopes, as the Republican and Democratic policymakers agree on a final push to reach a comprehensive aid package.
Bearish MACD on the weekly chart, sustained break of the monthly support line favor short-term downside.

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