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USD/CAD Signal - USD ADP Employment Change - 6 Oct 2021

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Signal Details
Entry Price: 
1.2595
Take Profit: 
1.2680
Stop Loss: 
1.2550
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is trading to the upside today prior to the USD ADP Employment change, which is predictive for NFP. Technically the pair has broken the descending trendline, and has bounced from the daily support trendline. We anticipate continued upside into the 1.2680 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.