Until yesterday, I saw chances for a rebound and strengthening of the US dollar against the Canadian dollar. Today we can see the weakness of the currency pair and after breaking the support, the stop will probably take place in the marked zone. In the case of another attempt to breach the support, you will see a desire to go lower, because remember that the more times the price bounces off a given level, the weaker the level and the higher the chance of a break.
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2021-03-04