A strong bearish movement occured yesterday on the pair USD/CAD and the breakout of 0.9934 gave us a sell signal. The pair is currently testing the next support at 0.9889 and also its former bearish slant (black line). All indicators are bearish. We continue to advise short positions as far as 0.9950 is resistance. The breakout of 0.9889 will give a new sell signal and open the way towards 0.9845.
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