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USD/CAD Signal - USD Existing Home Sales - 22 Jun 2021

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Signal Details
Entry Price: 
1.2378
Take Profit: 
1.246
Stop Loss: 
1.2335
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is trending to the upside today prior to the Existing Home Sales data which shows the number of existing homes that have been sold, and gives an indication of the US property market. Technically the pair has bounced from support and has pulled back in to the moving averages. We anticipate continued upside.

Submitted by Toni H. on Tue, 22 Jun 2021 02:02:05 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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