AB=CD formation to find buyers in USDCAD

There is scope for further losses this week in USDCAD but dips to be bought

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Weekly:  Last week’s price action resulted in USDCAD trading to the lowest level in 5 weeks. However, we are assessed as being inside the large Descending Wedge formation that has an eventual bias to break to the upside. On a move through 1.3173 (trend of lower lows) the measured move target is near 1.4600. # note a move lower from 1.3148, the 127.2% extension (from 1.2055-1.2915). . Bespoke suppo...

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