USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook will complete a bullish Butterfly at 1.3622
Although USD/CAD posted initial gains yesterday, sellers emerged at 1.3766 with follow-through bearish momentum resulting in all the initial daily gains being overturned. This negative sentiment has continued overnight. Bespoke support is located at 1.3656 and 1.3638. Although we are seeing a mild correction higher from this zone, I have no clear buy signal. A bullish Butterfly formation will complete at 1.3622.

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