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USD/CAD Price Forecast: Trades near 1.4100 after inching lower from descending channel top

USD/CAD extends its losses for the second successive day, trading around 1.4110 during European hours on Tuesday. The technical analysis of the daily chart shows that the pair price is remaining within the descending channel pattern, signalling an ongoing bearish bias.

USD/CAD Price Forecast: Trades near 1.4100 after inching lower from descending channel top

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