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USD/CAD Signal - USD Continuing Jobless Claims - 20 Aug 2020

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Signal Details
Entry Price: 
1.3225
Take Profit: 
1.3260
Stop Loss: 
1.3160
Direction: 
Buy
How we trade
Average: 3.7 (3 votes)

USD/CAD is trending to the upside in a wave of USD strength in the markets. We anticipate the continuing jobless claims data to spur USD strength, into the 1.3260 level. Continuing Jobless Data measures people in the US on unemployment benefits. Technically the pair has broken above the 30m 50ema and the 200sma.

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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.