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After the breakout from the Pennant Pattern on the 4-hour chart, Kiwi is trying to test the first target level at 1.3669. If the USD/CAD pair sustains its bullish bias, it may rise to the 1.3756 level. This scenario is likely to come true If the pair does not decline and close bellow the 1.3551 level.
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The material has been provided by InstaForex Company - www.instaforex.com