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The Trend of the Day - USD/CAD

The Trend of the Day - USD/CAD

Gregory McLeod, Currency Analyst

The long wick rejection combined with SSI nearing 4:1 as traders pile in long could fuel the continuation of the move down. Look to get short at market or higher with a stop at 10356. Look to target 1.0244 on its way to parity

 

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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