USD/CAD- Price bounced from Support Zone, What Now
The USD/CAD pair has bounced from its minor support zone on a 4 hour time frame. However, the price did penetrate really deep in this zone which represents that there is not much of buying pressure at this level and therefore, the bears were able to push the price deep in this zone. Moreover, the price is trading well below the downward trend line which confirms the strength of the downward trend. If price does break this level of support then the next level of support could near the 1.0176 zone.
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