A bit indecisive on this pair as CAD gained a lot of strength last week and beat economy expectations. Price still has about 90 pips of space until reaching its daily trend line around 1.2300 support level. Price may bounce from that trend line as it has many times in the past. If we see a break below this trend line this pair will have a lot of downside potential. Price closed on Friday under 1.2400 support level / 38.2 zone, now turned resistance. Moving averages crossed to the down side as well, Let me know what you think about this pair if I am missing any key indications!!
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