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21.05.2025 05:07 AM
Forecast for USD/CAD on May 21, 2025

The USD/CAD pair has gradually declined for five consecutive days, remaining below the daily balance indicator line. A move below the support level of 1.3898 would accelerate the decline toward the first support at 1.3746. Just below that lies the price channel line at 1.3707.

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Additionally, the Marlin oscillator may soon enter negative territory. This would support the bears and help the price consolidate below 1.3707.

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On the H4 chart, the price is accelerating its decline below the indicator lines and now appears to be attempting to break through the support level on momentum. A consolidation below this level would fully open the path toward 1.3746.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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