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USD/CAD Signal - CAD Retail Sales - 21 Dec 2021

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Signal Details
Entry Price: 
1.2931
Take Profit: 
1.2830
Stop Loss: 
1.2970
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDCAD has traded into a key resistance level prior to the CAD Retail Sales data, which measures the total receipts for retail stores in Canada. Technically the pair is bouncing out of resistance, And the rsi is pointing to downside.

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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.