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USD/CAD Signal - CAD Retail Sales - 22 Oct 2021

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Signal Details
Entry Price: 
1.2352
Take Profit: 
1.2460
Stop Loss: 
1.2270
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD has broken the descending trendline prior to the CAD Retail sales data which measures the total receipts of Canadian retail stores. Technically the pair has broken the bearish trendline and the bearish structure. We anticipate upside now into the key resistance zone.

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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.