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“USDCAD – Selling pressure resulted in USDCAD rejecting levels close to 1.0400 with bearish momentum seeing the pair trade through the reverse trend line support of 1.0304. Although a corrective rally has been posted from the low, gains are being rejected at 1.0339, the 50% pullback level (from 1.0392-1.0285). The outlook is for lower levels but there is scope for further mild gains this morning. The call is Bearish Bias – Sell at 1.0351 or a break of 1.0315 (25 pip stop). Targets will be posted when the trade is triggered
Support levels are: 1.0317, 1.0285 and 1.0242
Resistance levels are: 1.0339, 1.0351 and 1.0370
... [Read more]”
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