As mentioned earlier: The USDCAD satus is extremely overbought (RSI- Chart wise).  The market signals a short term 23% Down trend setup = 1.3221 - and another 38%= 1.3170  / based on Fibonacci retracement scale. The Market went Down to the 1.3237 level. a close over 1.3304 is needed to renew bull trending to the last swing high.


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