USDCAD is invalidating an upside extension for now
On the USDCAD daily chart, we can see that the pair is extending to the downside after a failed retest of the previously broken strong upside resistance 1.3400 level. This downside extension could now lead to a test of the medium-term channel support 1.3100 level.
Note: look for the short trade entries with the stop loss above the 1.3350 level
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