USDCAD: Your Next Bearish Signal

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USDCAD is currently trading within a downward channel following a significant decrease in value in recent weeks.

The price has formed an inside bar candlestick pattern and is currently consolidating within the range of the mother bar.

To confirm a sell signal, wait for the price to drop below 1.3797 and close below that level. It is likely that the pair will continue to decline and potentially reach 1.3749, then the psychological level of 1.3700.

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