Currently, USD/CAD is trading at 1.3891. After starting a downtrend on 25 March, the pair is now moving towards its support level at 1.3857. As the price is already trading in the downtrend, if the price breaks the support level at 1.3857, it may continue its downtrend and then the first target will be at 1.3694.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat