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USDCAD 7.1.2025
General Trend:
The USD/CAD pair has shown a strong bullish trend recently, with prices stabilizing above key support levels. The market seems to have benefited from the buying momentum at levels around 1.3187.
Expected Scenario:
Bullish Scenario: If the price continues to hold above 1.4185, it may test the resistance at 1.4486.
Bearish Correction Scenario: If the support at 1.4185 is broken, we may see a correction toward 1.3850.
Key Levels:
Resistances: 1.4486 - 1.4650
Supports: 1.4185 - 1.3850
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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