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USD/CAD Signal - USD 5 Year Note Auction - 25 Aug 2021

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Signal Details
Entry Price: 
1.2591
Take Profit: 
1.2770
Stop Loss: 
1.2490
Direction: 
Buy
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Average: 5 (1 vote)

USDCAD has made a pullback from recent highs prior to the USD 5 Year Note Auction, which reveals the yields on the government backed security. Technically the pair has pulled back into the trendline and the moving averages, which are currently in a bullish cross, and the key pivot level. We anticipate a rebound back up into the 1.2770 level.

Submitted by Toni H. on Wed, 25 Aug 2021 00:16:37 GMT

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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.

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