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USD/CAD Signal - USD Consumer Price Index - 9 Jun 2020

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Signal Details
Entry Price: 
1.3456
Take Profit: 
1.3355
Stop Loss: 
1.3544
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDCAD is trading around 1.3456today prior to USD CPI News. The consumer price index is a measure of price movements across the retail prices of a representative basket of shopping goods, and is an indicator of inflation and economic health. We anticipate USD weakness into the 1.3355 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.