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FXAutomate
Sep 22, 2022 8:26 AM

Good Level for a Pullback Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD has tested and rejected the Yearly R2 pivot @ 1.350 and also considering that the DXY closed an important imbalance zone this is a perfect level for a pullback within the context of this bullish trend. The correction target would be the upper diagonal channel line which also corresponds to the missed weekly pivot and 61% Fibonacci retracement level.
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