IndexaCo

USD/CAD North American Derby

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD is testing the resistance level near the 1.3574 area. From this level, we should expect continued fall of the currency pair with a potential target near the level of 1.3364. The cancellation of the option to reduce the pair will be the breakdown of the area of 1.3624. This will indicate a continuation of the rise with a target above the level of 1.3822.

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