Hello Sophisticated Trader,
Last week long on the USDCAD worked out amazing and the pair has reached a key resistance. Therefore, this week we are looking to Short $USDCAD against 1.3700 as the pair seemed to have rejected it. This potentially leaves the downside vulnerable this coming week, especially towards the end of the month. Any other spike should be considered as a short for a test of the low. Only a daily close above 1.3750 would negate the coming downside.
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Dr. Lydia Smith
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