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USD/CAD: bears still in control by tradersmith for May 31, 2017

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USDCADH4

USD/CAD is trading below 1.3460 which indicates the strength of the bears. The downward movement remained a priority because the price is trading below the red tenkan line and the kijun line as well. The downside target is on the level of 1.3350. Otherwise, the pair's growth above the resistance 1.3460 will cancel further decline.


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