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USDCAD Forex Weekly - 28 Sept - 2 Oct 2020

Short
FX:USDCAD   Dollar Américain / Dollar Canadien
Looking at familiar pattern M top, price made twice reversal on key level fibo 3.82 resistance and targeting price to move back towards possibilities inside the channel

Stronger WTI crude oil would and US Dollar weakness would sync into our analysis, however we are looking at long term trend is still on strong bearish

Breaking above trendline resistance on weekly would confirm a towards a change into bullish trend

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