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USDCAD hovers near 1.3500 after the pullback from 1.3640
video USDCAD is diving beneath the 1.3500 psychological mark and the 20-day simple moving average (SMA) after failing to jump above the 1.3640 resistance. The MACD is moving sideways near its trigger and zero lines, while the RSI is falling beneath the neutral threshold of 50. In the long-term view, the market has been still holding within a descending triangle since October 2022. Any more losses could meet an immediate key level near the 200-day SMA at 1.3450, ahead of the 1.3300 pscyhological mark. Beneath this, the price may hit the lower boundary of the triangle at 1.3260 and the 1.3225 support. Steeper downside ... (full story)