EURCAD - Bearish Descending Channel

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Hi Traders,
EURCAD is trading within a descending channel which we could see another bearish move down near the top boundary of the channel. As BOC raised interest rates another 25 basis points unexpectedly, we can expect more bearish downfall.

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Descending ChannelimpulseandcorrectionMultiple Time Frame AnalysisParallel ChannelTechnical AnalysistrendanalyisisTrend Analysis

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