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USDCAD Short Term Forecast

D1 - We have a potential double wave developing to the downside, the price still has room lower towards the 61.8% fibonacci expansion level.

H1 - Bearish trend pattern followed by a double wave correction.

Price has broken below the most recent uptrend line and has retested it. Expecting further continuation lower.
Bearish PatternsdoublewaveforecastMultiple Time Frame AnalysisSELLTrend AnalysisTrend LinesTrend Line BreakUSDCAD

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