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    Daily Technical Outlook And Review: USD/CAD

    IC Markets
    By IC Markets

    USD/CAD is approaching 1.25 support, although the next big level now lies at 1.2460. A break beneath that level would likely accelerate negative momentum and push the pair towards 1.22.

    However, USD/CAD is indeed quite oversold in the short-term, and we might see a bounce back towards 1.26 before further losses occur.

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