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- USDCAD downtrend remains intact Thursday, with the pair hitting new cycle lows in recent trade. This keeps the pair solidly in bear mode after recent weakness.
- MA studies also highlight a downside bias, reinforcing current trend conditions. 1.2239, a Fibonacci projection, gave way, opening vol band support at 1.2143. On the upside, initial resistance is at 1.2365/2419.