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USDCAD Could rebound around 1.23-1.2350

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Traderscope  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Support and Resistance USDCAD
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trendanalysis supportandresistance usdcad
USDCAD has broken its horinzontal channel at 1.2650. If the trend remains bearish the next days, the pair could reach an optimal buying zone around 1.23-1.2350. A first target would be 1.2650 for 300 pips.
An alternative selling scenario would be a rebound around 1.2630 in order to breathe then reach back 1.2350.
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USDCAD has made a rebound on a daily support
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