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U.S. Dollar / Canadian Dollar

USDCAD Approaching tough resistance.

By CurrencyWaves
Updated
USDCAD is approaching tough resistance in the 1.3200 area following the two equal legs up. Also just ahead it the 200 day moving average. Longer term I am looking for 1.3550 but should see a retrace before higher.
Trade active
USDCAD looks to be reversing to the down side nicely.
Trade active
Looks like the USDCAD is going to retest the highs and possibly the 200 Day MA. I took profit on half my position at 1.31479 for 44. pips. Looks like I will be stopped out on the other half for a break even trade.
Trade closed: stop reached
Stopped on last half for -44
usdusd
CurrencyWaves
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