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USD/CAD Signal - USD Non Farm Payrolls - 4 Jun 2021

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Signal Details
Entry Price: 
1.2122
Take Profit: 
1.2045
Stop Loss: 
1.2170
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCAD is at resistance prior to Non Farm Payroll, which shows the new jobs added in non agriculture sectors. Technically the pair is at resistance and the PPO has given a bearish cross. The PPO is also giving bearish divergence indicating potential downside.

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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.