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USD/CAD Signal - USD Bank Holiday - 26 Nov 2020

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Signal Details
Entry Price: 
1.2997
Take Profit: 
1.2965
Stop Loss: 
1.3030
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (1 vote)

USDCAD is trending to the downside today in anticipation of reduced USD flows, due to it being Thanksgiving in America. The pair is trending below the moving averages, and has bounced out of resistance pivot levels. We anticipate further downside into the 1.2965 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.