USD/CAD Is Likely To Extend Slides Toward 1.2960

The US Dollar faced a tough resistance near the 1.3170-1.3180 area against the Canadian Dollar. The USD/CAD pair made a few attempts to surpass 1.3170-80, but it failed and declined sharply.

Looking at the 4-hours chart, the pair dropped below the 1.3100 support area and the 200 simple moving ave…

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