USDCAD Trade Idea

== TECHNICALS ==

I believe USDCAD could face some resistance in the near-term but has the potential to climb above the 1.29 and additionally the 1.30 zone. Should we see a pullback down towards 1.28, my assessment tells me to buy the dips. Some broad-based dollar strength seems to be the latest theme.

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Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.

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Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.