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USD/CAD Signal - USD Producer Price Index -12 Aug 2021

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Signal Details
Entry Price: 
1.2504
Take Profit: 
1.2525
Stop Loss: 
1.2470
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD has traded into support prior to the USD Producer Price Index Data, which measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Technically the pair is bouncing from support and we anticipate intraday upside into the .2525 level.

Submitted by Toni H. on Thu, 12 Aug 2021 05:31:26 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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