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USDCAD 12 May 2023 on the weekly timeframe, this pair is still ranging between 61.8 and 100.0 Fibo levels. although in a fairly long sideways moving situation, it looks like this pair is in a bullish trend. When referring to the stochastic indicator, there is a possibility of a trend reversal due to the crossing of the moving average line. Which is also reinforced by the MFI indicator, which shows a decrease towards the level of 50. Waiting for further indications or trade with your own risk.
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