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USDCAD

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#USD/CAD# USDCAD

Reasons for going long on USDCAD
1. Market is already in an up trend
2 . 2 Major support lines on chart.
3. A pennant pattern which is most likely to break up

Set take profits and stop loss as seen on chart.

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Good call - bullish action spotted on the daily chart. It was seen to trade at the highest level since Sept 11, testing the 1.32 area with a high of 1.3206.
On USDCAD I see two possibilities. Mainly keeping an eye on the Price Action.
The currency pair could continue to edge up within this session. Buyers are likely to target the 1.3200 level.

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