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USD/CAD bearish bias – MarketChartist

FXStreet (Barcelona) - Steve Miley of MarketChartist sees a bearish bias for the USD/CAD pair within the range through 1.1294 for 1.1257.

Key Quotes

“A shift to a range theme on Tuesday with the probe below the 1.1266/62 area, but now a negative bias Friday and into next week after a bearish outside Thursday back from a poke at trend line resistance.”

“We see the range defined by 1.1403 and the neckline at 1.1175”

“We see a downside bias for 1.1257; break here aims for 1.1235 and 1.1200. But above 1.1355 opens risk up through 1.1371 to 1.1385/94.”

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