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The downward dynamics do not seem impulsive – the pair is gradually falling, with quite impressive upward pullbacks. However, if we look at the USD/CAD weekly chart, we will see that the pair has decreased by almost 600 pips over the past few months. At the end of October, the bulls approached the 1.3900 level (setting a new high for the year at 1.3898), while this week, the bears updated a 5-month low at 1.3310. Such price dynamics are primarily
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