USDCAD: Bear Pressure Remains On The Cards.
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USDCAD: With s second week of decline seeing USDCAD weakening the past week and seen reversing its Friday recovery gains, further bearishness is expected in the new week. This will leave the pair targeting further downside towards the 1.0100/81 levels. Further down, support stands at the 1.0000 level and possibly lower towards the 0.9900 level. Conversely, USDCAD will have to break and hold above the 1.0250 and 1.0379 level to reverse its bearishness. This if seen will aim at the 1.0441 level where a violation will aim at the 1.0500 level. Further out, resistance resides at the 1.550 level. All in all, USDCAD looks vulnerable to the downside