Preferred direction: BUY Comment: The setup for long the Canadian dollar has changed a little, but as you can see, the direction is still in favor of the buyer. Limit purchases will most likely show themselves soon. Most likely, you will have to hold the deal until the Fed meeting, and also possibly until non-farm. The main growth target is the level of 1.36000. After which, with a high degree of probability, the instrument will reverse into a deeper downward correction, or form a wider accumulation range.
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Before the Fed meeting, this trading idea is relevant.
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