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MarcellusLUX

Weekly chart shows the possibility of a big long in USD/CAD

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
MarcellusLUX  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis usdcadlong USDCAD usdcadforecast usdcadanalysis usdcadbuy usdcaddaily
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trendanalysis chartpattern beyondta usdcadlong usdcad usdcadforecast usdcadanalysis usdcadbuy usdcaddaily
USD/CAD has been dropping relentlessly over the past few weeks.
However, the downtrend has slowed down and a reversal might be on the corner.

Price is currently at the multi-year lows near 1.2080 from where a reversal might
take place.

A long entry between 1.2050-1.2100 with SL below 1.20 and TP at 1.25 is an attractive
buy set-up provided some bullish price action happens in the lower TFs.
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