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USD/CAD Price Analysis: Hovers below the 1.3600, technical suggests a trend reversal

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USD/CAD snaps the four-day losing streak, trading slightly higher around 1.3590 aligned with the immediate resistance at the 1.3600 psychological leve

USD/CAD moves upward near the 1.3600 major level.

indicates a change in momentum towards a bearish trend. Resistance at 1.3650 psychological level, followed by the weekly high. l during the Asian session on Wednesday. However, the pair faced challenges due to the higher oil prices. A decisive break above the latter could contribute upward support for the pair to explore the area around the major level at 1.3650, following the next level around the weekly high at 1.3679.

 

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