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Signal_Centre
Aug 1, 2019 7:29 AM

USDCAD - Rally to be capped Short

U.S. Dollar/Canadian DollarFXCM

Description

FX:USDCAD
OANDA:USDCAD
FOREXCOM:USDCAD
SAXO:USDCAD

USDCAD - Intraday - We look to Sell at 1.3225 (stop at 1.3260)

Buying pressure from 1.3105 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. Bespoke resistance is located at 1.3226. There is scope for mild buying at the open but gains should be limited.

Our profit targets will be 1.3140 and 1.3100

Resistance: 1.3225 / 1.3295 / 1.3350
Support: 1.3140 / 1.3100 / 1.3031
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