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USD/CAD: Falling Wedge Remains a Longer-Term Bullish Signal

USD/CAD continues to grind lower towards the key low at 0.9954. While above this key low we see scope for a recovery higher.

Failure to stay above this key high will warn of a further extension lower towards the 0.9800 low. Back under 0.9800 will suggest an end to our bullish bias in this pair.

The falling wedge in the daily time frame remains a longer-term bullish signal.

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