A deeper correction Thursday and unexpected, back from 1.2698 to push through the trend line support from late 2014, but hold above a chart prop at 1.2429 (this week's low), above the neckline support now at 1.2385, the 1.2352 February setback low and the January chart support at 1.2313.
However, we look for this broad support area to hold for a rebound back higher and for a bullish theme to again come through.
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4 Hour USDCAD Chart