FX:USDCAD   U.S. Dollar / Canadian Dollar
47 0
Another 2618 trade involving the Greenback. This time the paired currency is the Canadian namesake, but here I'd be a bit more cautious with respect to USDJPY (check related idea). Recent price action seems too bullish to suppose a resume in the downtrend, even though 1.2400 is a stiff resistance. On the daily time frame a bullish inverse divergence made prices pop from support at 1.2200 and could have came to its end just at 1.2400.

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