USD CAD has lots of support and is going to hit that green trend line. There are multiple time clusters, 3 supporting this as a key support. There is lots of positive divergences that are shown in the indicators and volume has been falling for most of this downfall, in addition the last red candle had a nice lower wick which bounced off the trend line and this new candle that is currently forming seems to be an inside candle. Finally the bottom wick bounced off the 1.41 fib line formed from the bottom of point B and top of point C and Should hit point E on 8/14
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