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USD/CAD Signal - USD Retail Sales - 15 Apr 2021

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Signal Details
Entry Price: 
1.2511
Take Profit: 
1.2555
Stop Loss: 
1.2480
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD has found support prior to the USD Retail Sales Control Group data, which measures the receipts for a number of retail stores in the US. Technically the pair is at support and the PPO is giving bullish divergence. Price is also forming a triple bottom.

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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.