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USDCAD Hints at Bullish Reversal
Today I’m going to share exactly how I’m trading USDCAD this week as we get early signs of a possible bullish reversal. I’ll discuss key levels to watch and potential targets to mark. USDCAD has pulled back significantly since testing the 1.3870 resistance in October. The pair was off those highs by just over 400 pips at the recent December low. However, we’re getting signs this week that USDCAD may be ready for another rally. We can see that the 1.3570 October 10th low has served as a pivot for the market, starting with the November 28th retest as support. USDCAD managed to hold above that mark for a few ... (full story)