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再来一个!!!
USD/CADStrategy: Flat
Bearish USDCAD momentum found support at 1.1459, the 11/04/08 swingbottom. This juncture also corresponds to the lower boundary of afalling channel established form early March. Prices put in a Piercingreversal pattern and rebounded to stall at support-turned-resistance at1.1754, January’s swing bottom. Risk-reward considerations do notwarrant a position at current levels and we will remain the sidelines.That said, as we noted last week, we see the broad USDCAD trend as bullish.
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