USD/CAD is waiting for correction
The USD/CAD pair was overbought. In addition, the rising cost of oil should support the Canadian currency, which is limited by political factors.
We can expect the continuation of the correction for the USD/CAD pair below the level of 1.3470-60.
It will open the way to significant support levels: 1.3430 and 1.3400. Resistance is located at levels: 1.3500 and 1.3520, updating of which cancels expectations for reduction. It is also worth noting that the overall trend for the pair remains restrained upward, which limits the continued decline of this pair.
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Hanzenko Anton
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