USD/CAD PRICE ANALYSIS: BEARS HOME IN ON DAILY TRENDLINE SUPPORT

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  • USD/CAD bears are in the market at start of week. 
  • Bears eye a break of the daily trendline support. 

The Canadian Dollar barely changed against its US counterpart on Friday, but it is gaining momentum vs. the greenback at the start of the week, moving away from a five-month low. The following illustrates the technical layout from a daily and hourly perspective. 

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