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USD/CAD Signal - USD Retail Sales Control Group - 15 Jun 2021

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Signal Details
Entry Price: 
1.2137
Take Profit: 
1.2037
Stop Loss: 
1.2187
Direction: 
Sell
How we trade
Average: 5 (2 votes)

USDCAD is trading to the downside today after bouncing out of range resistance. The USD Retail Sales control group data will be released shortly, which gives insight into the full retail sales data. Technically the pair has bounced from resistance and the PPO is in a bearish cross. We anticipate downside into the 1.2037 level.

Submitted by Toni H. on Tue, 15 Jun 2021 04:36:47 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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