Expecting further price weakness on the USD/CAD pair

Forexmentor.com Forex Trading Price Action

Yesterday, I talked about how the USD/CAD pair was in a state of decline, as represented on all chart levels – except the 15 minute, where price was consolidating. If you take a look at the most recent 1 hour chart, you will notice that price is being contained by the 200 EMA, which is still trending down. Accordingly, I would expect further price weakness in this pair.

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