Strategy: Pending Long
USDCAD put in a bullish Inverted Hammer above resistance-turned-support at the neckline of a Head and Shoulders bottom chart formation, hinting the pair is preparing to resume its advance. We will look for confirmation of a reversal on the close of the current candle to actively look for long entry opportunities.
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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