Canadian dollar weekly technical analysis

The Canadian dollar, as we mentioned last week, fell from the resistance area and then rose from the support area.
Now we expect a continuation of the rise from the support area at 1.2603 levels, to target the resistance area at 1.2765 levels, from which it is expected to form the top of the week.
But in the event that a four-hour candle closes below the level of 1.2603, we expect a decline and target the support area at 1.2477, from which the bottom of the week is expected.

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