Last week, during intial few days USD did manage to recover to around 1.2774 but was not able to make any further higher highs. It kept on dropping till 1.2555. Then slightly recovered back to 1.2580 region where a support zone exists ( It is good example of a breakout retest before making the strong downward movement ). It seems the bearish flag is complete and USD/CAD is heading down again.
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