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USDCAD News

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Last Updated Date: 1 February 2022 @ 12:15 PM (UTC)
*Please note that all the dates are in GMT time zone

The USDCAD market has triggered a short term bear downturn, signaling for a drop to 1.2635 - 1.2611 and chance for selloffs to test against 1.2563. A reluctance to extend under 1.2611 will likely prompt near term rebounds, but trade will likely struggle to climb back over 1.2777. A close over 1.2777  is needed to reverse the short term trend back up.
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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.