FXHighway

BOC decisions helps USDCAD to extend bullish targets

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
2
Target: 1.3000
Risk: 1.1975

Technical Reasons:

Strong rise affected by the BOC decision to cut the interest rate, and breaching key resistance lines open the way to achieve positive targets on the medium term basis.

The next targets reach 1.3000 barrier, and the exponential moving average 50 continues to support the price from below.


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