USDCAD: Doji Hints Long Entry Ahead
USDCAD has pulled back from resistance at a falling trend line established from August 2009 to meet horizontal support at 1.0182. Prices have put in a long-legged Doji candlestick, hinting that a bullish reversal may materialize going forward. I will look for confirmation on a bullish close of the current candle to position for buying opportunities.
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