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U.S. Dollar / Canadian Dollar
Long

USDCAD: Rebound in short term?

By TheAnonymousBanker
Updated
In the last few sessions we have seen an interesting consolidation on intraday chart. From a technical perspective, this bearish leg could also be a 12345 impulsive structure. That said, some corrective structure is possible in short term. In this specific case, the problem is not "if" we reach the Target, but "when" we will reach it and from where the technical rebound will begin. Target1 at 1.36 with long position accumulation strategy (Buy the Dip).

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📊 Let's see if it will be able to close the week above 1.3494 support:
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