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USDCAD: A near term base formation?

After bullish false break 1.2461, USDCAD shows some near term base sign.

Holding above 1.2410, further upside toward 1.2785, 1.2890 could not be ruled out.

It maybe complex and overlap.

A clearly close above 1.3262 will erase any downside risk.

Close back below 1.2410, will directly bearish toward at least 1.2267/78.

Good luck trading!

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  1. Views are my own, not trading or investment recommendations.

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