workingtraders
Long

$USDCAD down trend line breached

FX:USDCAD   U.S. Dollar / Canadian Dollar
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USD/CAD held key support area between 1.2350 area.

It now has broken resistance some heavy at 1.2530 area
The downtrend line has been punctured.

We could try buying up at support near 1.2420 area.

Rig count dropped by another 37.

Market is assuming another rate cut could be announced by Bank of Canada

Data flowing out Canada continues to be weak.
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