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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

USDCAD, Daily: USDCAD was traded lower following a prior break below the previous support level at 1.3475. MACD which illustrated increasing in bullish momentum suggested the pair extend its losses toward support level at 1.3230 level.

Resistance Level: 1.3475, 1.3705

Support Level      : 1.3230, 1.3035