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USD/CAD Signal - USD Personal Income - 25 Jun 2021

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Signal Details
Entry Price: 
1.2324
Take Profit: 
1.2420
Stop Loss: 
1.2273
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is trending to the upside today prior to the USD Personal income data, which measures the total income of Americans and is a key economic indicator. Technically the major forex pair has traded back above the 1.2310 pivot and we anticipate continued upside into the 1.242 level. The RSI and BB have both turned bullish.

Submitted by Toni H. on Fri, 25 Jun 2021 00:40:18 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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