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Hotsprit

USDCAD down to 1.2480-1.2520

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Hotsprit  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Chart Patterns USDCAD
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trendanalysis indicator chartpattern usdcad
Ichimoku + Fib + trend line analysis of USDCAD

In weekly time frame, price is at horizontal trend line resistance and ichimoku resistance (leading span B). It is very likely to bounce to support trend line which is around 1.2480-1.2520. This idea is also supported by ichimoku cloud and fib retracement.
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