USDCAD trades to new low since September 7

The price is trying to move away from swing area between 1.25769 to 1.25832. The USDCAD is trading to a new low going back to September 7.  The move lower today took out the low price from yesterday at 1.25566 (see hourly chart above).  In the process, the pair has moved below a swing area between 1.25769

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