USDCAD H8 | Market Outlook

- Initial bias remains neutral this week first and further rise is in expected. On the upside, break of 1.3259 will resume the rebound from 1.2994 short term bottom, targeting 38.2% retracement at 1.3633, to correct the whole fall from 1.4667. However, on the downside, break of 1.3086 will bring retest of 1.2994 bottom.

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