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Forex: USD/CAD falls to daily lows

After attempting to recover the 1.0300 level but failed, the USD/CAD is trading lower to break down the 1.0265, previous daily low, to test the 1.0260 zone. Currently the pair is trading at 1.0265, 0.15% below opening price action.

As for technical indicators, CCI, Momentum and MACD are bearish while the Stochastic and the RSI are neutral. On the downside, 1.0260 looks like a key support level ahead 1.0235 and 1.0220. In the bullish side, 1.0290, 1.0300 and 1.0315 are resistances.

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