We are expecting CADUSD correction. We assume that before a big increase, a major correction will start in the exchange rate. If our strategy is correct, this level would turn around at a level close to 0.7964. The correction will take several days to reach 0.7535 levels. If the exchange rate rises with a strong momentum, that strategy is dropped.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.