#USDCAD: Intraday Bearish Confirmation

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USDCAD has the potential to keep falling as it has been consolidating in a horizontal range on a 4-hour time frame after a significant downward movement.

The support of the range was recently broken, showing the strength of sellers and suggesting a likely continuation of the bearish trend.

I believe the pair could soon reach the 1.4215 level.

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