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USDCAD on a slippery slope; 1.23 next in focus
USDCAD bears show no sign of abating as the sell-off continues for the fourth week, with the price crossing aggressively through the 1.2400 area to hit an almost three-month low of 1.2349 on Friday. The sharp downfall follows the confirmation of a bearish head and shoulder pattern (H&S) below the neckline at 1.2588 - a sign that the previous upward pattern has completed its cycle. The recent crossover of the 20-day simple moving average (SMA) by the 50-day SMA also came to signify a negative trend reversal in the market, though the prolonged decline is now creating questions about when the pair will apply the ... (full story)
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- Oct 15, 2021 7:34am Oct 15, 2021 7:34am
- Cdfx
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- Cdfx
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- rafat habeb
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Let me fill my acount wallet then will take Ur advice
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- Cdfx
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