USD/CAD, also known as the Loonie, is the currency pair that represents the value of the US dollar in relation to the Canadian dollar. It is a popular currency pair among traders due to its high liquidity and volatility. The M15 chart of USDCAD shows a bearish trend, with the price breaking below the support level of 1.3835. The recent candlestick formation indicates a strong selling pressure, with the volume increasing significantly during the decline. The momentum indicators also suggest a strong downtrend, with the Relative Strength Index (RSI) below 50. Looking ahead, the price may continue to decline towards…

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