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USDCAD News

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Last Updated Date: 19 January 2022 @ 12:41 PM (UTC)
*Please note that all the dates are in GMT time zone

Overall the USDCAD market is bearish with a downside breakout likely sending trade to attack a 1.2397 low, when broken 1.2354. Current corrective rebounds trapped by 1.2563 will maintain bear forces. A close over 1.2546 (SAR) confirms the start of a reversing upturn.

 
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RISK WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.