USDCAD rejected by 1.2700
USDCAD retest of the previously broken downside resistance line was rejected by 1.2700. A break below 1.2540 will now accelerate the downside continuation and would lead to much lower Any bounces to 1.2700 should be used for the short trades. Only a break above 1.2700 will lead to another reversal higher.
Note: look for the short trade entries with the stop loss above 1.2620
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