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USD/CAD Tests Resistance

Started by PocketOption, Dec 08, 2022, 02:58 pm

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USD/CAD Tests Resistance

The Canadian dollar struggles as the lack of forward guidance by the BoC hints at slower tightening. A break above the previous peak at 1.3640 has put the bears on the defensive. The RSI's multiple entries in the overbought area showed exhaustion and led to a pullback as the price tested the support-turned-resistance of 1.3700. […]

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