We have the Canadian data coming out later on today, so keep an eye on all the CAD pairs. After almost hitting the psychological 1.5000 level this week, the pair reversed back down and broke its steep upside line. Now the rate is close to its 200 EMA on the 4hour chart, which may help to hold the rate from falling further.
Please see the chart for levels and targets.
Don't forget your stop-loss.
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