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USDCAD
The movement that we are observing has already been going on for two weeks. Looking at the scale, investors do not really know if this rebound is certain. Today’s data for both the US and Canadian dollars indicate an increase in the currency pair in question. However, as we have seen many times, it is not always so obvious because expectation is one thing and correct reading is another. I have established a local trend line that will be our SL. If the price breaks the price level of the line then we close the position. If I were to enter the trade, it would not be before the correction, but with less chance of success due to the expected macroeconomic data.
