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USDCAD News

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Last Updated Date: 6 June 2022 @ 11:29 AM (UTC)
*Please note that all the dates are in GMT time zone

Thursday’s and Friday's break drops trade against the key 1.2550 support level. A close under 1.2550 confirms a short term turnover and will drag trade down along 1.2454. If trade is able to stabilize over 1.2605, then expect creeping rallies, but a close over 1.2631 is needed to rekindle bull trending action.
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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.