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USD/CAD Signal - USD Personal Income - 28 May 2021

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Signal Details
Entry Price: 
1.2078
Take Profit: 
1.2140
Stop Loss: 
1.2040
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is bullish today ahead of the USD Personal Income data, which measures the income for individuals in the US. Technically the pair has broken above the resistance trendline, and is holding above structure support. The PPO has also given a bullish cross, and we anticipate upside to test the previous high!

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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.