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Cenotaph
May 27, 2016 4:50 AM

USDCAD Buy Long

U.S. Dollar/Canadian DollarFXCM

Description

Price looks to bounce off major Support zone and eventually move back into the pitchfork channel. Short term movement also indicate upwards momentum. Likely meaning the USD fundamental data is good. At around 7:30pm (GMT+7) when news hits, this should boost this pair up a bit.

Be careful for the possible volatile swings though (always unpredictable!)

Good trading everyone!
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