Contributors Technical Analysis USD/CAD Attracted By Confluence Area

USD/CAD Attracted By Confluence Area

Price plunged in the yesterday’s session and now is expected to hit the confluence area formed at the intersection between the median line (ml) of the minor descending pitchfork with the fourth warning line (wl4). The retreat could be temporary if the US data will come in better today, only some good numbers will save the greenback from the downside. A rebound is favored from the mentioned levels if the economic figures will impress.

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