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USDCAD Analysis Week 11/20-11/25 2022
On USDCAD, I used a simple Top-down analysis of the Daily, 4H, and 1H time frames. On the daily we can see a start if a potential downtrend, but was met at a daily support level. On the 4H we can see price rejecting multiple times from this daily support. Thus, giving us a clear indication that buys are active in the market. We will look at our 1H time frame this week to find buying opportunities.
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