USDCAD: Pullback to Offer Long Entry Point
Strategy: Pending Long
USDCAD put in a Bullish Engulfing candlestick pattern above range support at 0.9756 and launched aggressively higher, nudging the measured Fibonacci extension objective at 1.0326. RSI studies are now at their most overbought in over a year and we will look for a corrective pullback over the days ahead as an opportunity to enter long.
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