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USD/CAD Signal - USD Retail Sales - 17 Aug 2021

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Signal Details
Entry Price: 
1.2592
Take Profit: 
1.2675
Stop Loss: 
1.2540
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is trending to the upside prior to the USD Retail Sales data, which measures the total receipts for retail stores domestically. Technically the pair has broken a key pivot to the upside, and we anticipate upside into the next key resistance at 1.2675.

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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.