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10/24/2023 6:26 am  #1


USD/CAD Analysis

The USD/CAD pair finds difficulty consolidating above the 1.3680 level, trading negatively, and attacking this support now, noticing that the price recorded lower highs that hint at a decline in the upcoming sessions, to head towards visiting the bullish channel’s support line around 1.3520 mainly.
 
Therefore, we expect to witness negative trades on an intraday basis, and breaking 1.3660 will ease the mission of achieving the suggested target, while breaching 1.3680 represents a positive factor that will lead the price to regain the main bullish trend again.

The expected trading range for today is between 1.3590 support and 1.3730 resistance.

 

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