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USDCAD News

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Last Updated Date: 19 May 2022 @ 9:08 AM (UTC)
*Please note that all the dates are in GMT time zone

Last days’ downturn keeps the market pattern negative. The slide back through last Friday’s reversal low (1.2812) leaves trade positioned to attack under 1.2722. A close under 1.2722 projects to 1.2567. Any near term rebounds will hint resistance at 1.2880. A close over 1.2990 (SAR) is needed to recapture bottoming / bullish trade action.
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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.