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USDCAD - Negative Sentiment on National Debt?

101
Hi,

Janet Yellen, former governor of the US Federal Reserve and now the US treasurer, has made a statement that America is at risk of default this October. This sentiment temporarily weakened the USD, until there was a response from the US parliament to this statement.

On the chart, There is a breakout to the CUP and HANDLE chart pattern on 4H Timeframe which could indicate the bear is in power.

Happy Trading!

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