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Yesterday I mentioned in weekly Forex forecast, that 1.3354 can’t prevent sellers to not to dig dipper. As we expect this area breaks easily. Tomorrow we have a very important news as Canadian central bank will decide whether or not raising rates and also will publish the statement that will shows where the economy is going. That’s important because of sharp falling of oil prices. As we mentioned in beginner’s lessons , Canada is one of the biggest oil exporter of the world and lower oil prices will affect the economic forecasts. If they raise the rates USDCAD may continue falling. Next support area would be at 1.3165.
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