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USDCAD 12.3.2025
General Trend:
The overall trend shows a sideways range with a slight bearish bias, as the price attempted to break the resistance zone but failed and retreated.
Expected Scenario:
Bullish Scenario:
Holding above 1.4384 may push the price toward 1.4472.
If 1.4472 is breached, further gains toward 1.4531 may follow.
Bearish Scenario:
A break below 1.4384 could lead to a decline toward 1.4178.
Continued downside below 1.4178 would increase selling pressure, targeting 1.4100.
Key Levels:
Resistances: 1.4472 - 1.4531 - 1.4570
Supports: 1.4384 - 1.4178 - 1.4100
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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