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USD/CAD Signal - USD 4 Week Bill Auction - 2 Sep 2021

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Signal Details
Entry Price: 
1.2634
Take Profit: 
1.2700
Stop Loss: 
1.2550
Direction: 
Buy
How we trade
Average: 4.5 (2 votes)

USDCAD is trending to the upside prior to the USD 4 week bill auction that reveals the yield on the US Backed securities. Technically the pair has held the key support figure and the RSI is bullish. We anticipate continued upside into the 1.2700 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.