USDCAD bear bias
· A deeper correction than expected through support at 1.0872 and 1.0857 for a notable top and more bearish shift.
· This leaves downside pressures now into month-end and threat for a move to 1.0795 support next.
· Below here would further enhance the negative tone and aim for targets at 1.0733 and 1.0713/10.
WHAT CHANGES THIS?
· Above 1.0910 eases bear risks; through 1.0950/55 signals a neutral tone, only shifting positive above 1.1000/05.
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2 Hour USDCAD Chart