The (USDCAD) price witnessed fluctuated trading on its last intraday levels, where it declined to reach our expected target at the key support of 1.3725, then it surged to extend its previous rises that target reducing its previous losses, and attempting to offload its oversold conditions on the relative strength indicators, amid the dominance of the bearish correction trend on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which shrinks the chances for the price recovery on the near-term basis.

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