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USDCAD 5.3.2025
General Trend:
The general trend shows consolidation within a range with a slight bearish bias, as the price attempted to break the resistance zone but failed and retraced.
Expected Scenario:
Bullish Scenario:
Sustaining trading above 1.4384 may push the price towards 1.4472.
If 1.4472 is breached, the price could extend the rise to 1.4531.
Bearish Scenario:
Breaking the 1.4384 support may lead the price to test 1.4178.
Continued decline below 1.4178 will increase negative 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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