USDCAD is currently trading near the multiple support zone indicating buying could emerge in the near term. After a brief downtrend since the beginning of February, the pair ended in two consecutive doji formations on 10th and 11th of February signifying that a rebound could be witnessed from current levels. It would be prudent to say that the pair could rise towards 1.2770 and 1.2810 while it sustains above 1.2630.
Technical Analysis Team
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