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USD/CAD Signal - USD CPI Data - 12 Nov 2020

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Signal Details
Entry Price: 
1.3075
Take Profit: 
1.2988
Stop Loss: 
1.3103
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

USDCAD has formed a rising wedge pattern prior to USD CPI data. The data is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services. We anticipate further downside on the pair today into the 1.2988 level.

Submitted by Toni H. on Thu, 12 Nov 2020 05:30:46 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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