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EURCAD Faces Downside Pressure Below The 1.5560 Level

EURCAD: Although EURCAD closed almost flat the past week, it still faces further weakness while holding below its major resistance located at the 1.5560 level. Support comes in at 1.4700 level with a cut through here opening the door for more weakness to occur towards the 1.4613 level. Further down, on continued bear pressure the 1.4500 level is seen as the next downside

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