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March 6, 2025

USD/CAD Faces Challenges Near 50-Day EMA as Loss Streak Continues

USD/CAD struggles to break free from its downward trend, trading around 1.4330 as it suffers a losing streak for the third consecutive day. Technical analysis indicates that the pair remains confined within a descending channel, contributing to a bearish outlook. Traders are advised to consider this trend when making trading decisions.

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