USDCAD is breaking below the uptrend support line
USDCAD is retesting the previously broken downside resistance 1.2550. A confirmed rejection here is required for the downside continuation. Recently the pair reversed higher after the bounce from 1.2000 but the uptrend support line has been broken and is now on the retest which eventually may lead to a pullback to 1.2000 again.
Note: you can enter the short trade entry with the stop loss above 1.2600
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