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Forex

USD/CAD Recovery Hits Downtrend Resistance

Guavy AI Editorial Team
Instruments
USD CAD
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The Canadian Dollar (CAD) has seen a USD/CAD recovery that is reaching its downtrend resistance, according to FOREX.com.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This is highlighted by the statistic that 77% of retail investor accounts lose money when trading CFDs with this provider.

The USD/CAD recovery has been making its way towards the downtrend resistance, which could potentially impact traders' strategies and investments in the currency pair.

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