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USD/CAD Signal - USD Gross Domestic Product - 25 Mar 2021

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Signal Details
Entry Price: 
1.2567
Take Profit: 
1.2470
Stop Loss: 
1.2620
Direction: 
Sell
How we trade
Average: 3 (2 votes)

USDCAD is trending to the downside today prior to the USD GDP Data, which measures the amount of all goods & services produced domestically. Technically the pair has bounced out of the 1.2600 pivot and we anticipate downside continuations into the 1.2470 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.