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- USD/CAD is trading near the 1.3600 mark, above the key 100-hour EMA.
- Relative Strength Index (RSI) stands in the bearish territory below 50.
- 1.3650 will be the immediate resistance level; 1.3575 acts as an initial support level.
The USD/CAD pair loses traction and hovers around the 1.3600 mark during the early European session on Monday. The weakening of the US Dollar (USD) and the upbeat Canadian employment data dragged the USD/CAD pair lower. The major pair currently trades near 1.3604, losing 0.25% on the day.
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