USD/CAD Price Analysis: Bears have the upper hand while taking on key support areas By ross_burland USDCAD Technical Analysis
Price imbalance mitigation between 1.2700 and 1.2900 would be expected to play out over the coming days.
is moving below critical support on the charts and the pair could be in for a deeper run towards structure lower down. The following illustrates the potential price path on various time frames for the foreseeable future.The price would be expected to meet with demand in the low 1.2700s and potentially mitigate upside territory and price imbalances over the course of the coming days between there and 1.2900 vs. the counter trendline.
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