USD/CAD Price Analysis: Bears are growling back at the US dollar bulls

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USD/CAD Price Analysis: Bears are growling back at the US dollar bulls
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USD/CAD Price Analysis: Bears are growling back at the US dollar bulls By ross_burland USDCAD Technical Analysis

With that being illustrated, there is still time to go for the weekly close, so, theoretically, that really needs to be discounted until the close but is worth some consideration nonetheless.The current price action is leaving the prospects of a bearish engulfing daily close following the prior day's doji. This is regarded as bearish and a prelude for the next days. There are expectations of a correction to test the 1.2770s, and then potentially as deep as a 38.

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