The USD/CAD pair is breaking below a daily support level on quite strong momentum, signaling further weakness in the price.

The RSI formed a slight bearish divergence and managed to break below its recent low.

Also, notice that the pair is in an overall downtrend, trading below the 61.8% Fib level where the recent swing low found support.

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CADChart PatternsForexfxideasTechnical IndicatorsLONGshortsignalsTrend AnalysisUSDUSDCAD
MujkanovicFX

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