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The Canadian dollar paired with the US dollar has reacted to the support and has a chance for a rebound. The macroeconomic data scheduled for 14.30 EU time for the United States look positive. The macro data is minimal, but it is forecasted for an improvement in the US situation, which may have an impact on earlier price movement before it is released.

However, if the situation was to go the other way, we can assume a descent below the designated support zone, a correction and a further decline of the currency pair.

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