Even though i am short today but i am overall bullish on usdcad and targeting towards 1.35 and high..
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Break of 1.31 will cancel downside of 1.285 and will open new doors for 1.32 but in the meantime consolidation will remain in place.
We have bearish audusd as well that is supporting usdcad on upside.
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Achtung sellers... break of 1.31 will cancel downside towards 1.285 and after some consolidation it will pave road for 1.325...
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Stopped out. Now longs in play...
It is now at minor resistance and important resistance is now at 1.3148 and then big one at 1.3194.. but overall there is now dent into selling after crossing 1.31.
Buy on dips as usdcad has cancelled downside for 1.29 and now target has shifted towards 1.325 then 1.35