USD/CAD eases to 1.3383 during the pre-Tokyo open trading on Wednesday. The loonie pair has so far been rejected thrice from 1.3418 upside resistance despite following a one-week-old support line. As a result, a short-term ascending triangle pattern appears on the hourly chart above 200-HMA.
Multiple pullbacks from 1.3418 join receding strength of the RSI to suggest the quote’s declines to the triangle’s support line, currently around 1.3355.
However, 200-HMA and September 22 low, respectively near 1.3320 and 1.3280, will be strongly challenging the bears below 1.3355.


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