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Indeed, the USD/CAD continued lower, breaking below 1.02. As price action makes lower highs and lows, the RSI continues to remain below 60, sign of persistently bearish momentum. The RSI also shows a negative reversal (higher RSI higher, lower price higher), which suggests another bearish swing. A swing projection targets about 1.0110.
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Indeed, the USD/CAD continued lower, breaking below 1.02. As price action makes lower highs and lows, the RSI continues to remain below 60, sign of persistently bearish momentum. The RSI also shows a negative reversal (higher RSI higher, lower price higher), which suggests another bearish swing. A swing projection targets about 1.0110.
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