“USDCAD rises on solid support – Analysis – 04-12-2025”

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The USDCAD pair advanced in its latest intraday trading, supported by the stability of the 1.3940 level, which had been identified as a potential target in earlier analyses. This support has provided the bullish momentum needed to drive the recent gains and ease oversold conditions reflected on the relative strength indicators, especially as positive signals begin to appear. This comes despite the presence of a minor short-term bearish wave, which is accompanied by a supportive trend line for this structure.

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