At this moment of time, I am short biased on this currency pair. From the looks of USDCAD right now, it looks like there will be an initial push towards the next area of resistance with a potential reversal towards the next area of support indicated in the chart above. Once the price of this currency pair reaches this level of resistance, I will speculate my entry accordingly.
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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.