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- USD/CAD continues its downward trajectory, trading at 1.3207, showing minor losses of 0.01%.
- A break below 1.3200 may open the way to YTD lows, with RSI indicating oversold conditions.
- If USD/CAD trades above the May 8 daily low of 1.3314, the pair could stabilize, with the 20-day EMA at 1.3357 as the first resistance.
USD/CAD trimmed some of its losses last Friday on Monday, though as the Asian session begins, it is poised to extend its ongoing losses during the previous three weeks. The USD/CAD is trading at 1.3207, down 0.01%, after hitting a weekly high of 1.3229.
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