USDCAD trade tends to weaken especially if prices are below the support level of the nearest 1.3000. On the chart 1-hour MACD indicator is below zero level indicates a weakening of opportunities for the long term. But the rise in the indicator stochastic and RSI signals a potential rebound for the short term. If it fails to penetrate the area support 1.3000, the price can be raised to approach the target with 1.3115 resistant areas next was near the area and 1.3170 1.3225.
Conversely, if the price was able to consistently get down and penetrate the psychological 1.3000 level, then the price could potentially get further pressure to test area 1.2935, before being able to approach the key support areas 1.2870.
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