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USD/CAD Signal - USD 3 Month Bill Auction - 24 May 2021

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Signal Details
Entry Price: 
1.2071
Take Profit: 
1.2010
Stop Loss: 
1.2115
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USD/CAD is trending to the downside currently prior to the USD 3 Month Bill Auction which will show the rate of yield on the bill. Technically the pair has formed a double top pattern and we anticipate downside into the 1.2010 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.