Weekly technical analysis of the Canadian dollar

The Canadian dollar is trading above the uptrend on the H1 chart - with the divergence emerging and the momentum retreating on the MACD indicator - we are waiting for the trend to be broken with the appearance of a sell candidate on the MACD to enter direct short positions, the first target is at 1.3275. Traders are advised to maintain a suitable stop loss

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Adjustment: +130 pips