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02.07.202005:48 Forex Analysis & Reviews: Kiwi trying to test 1.3715 level, July 02, 2020

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 02.07.2020 analysis

On the 4-hour chart, we can see that USD/CAD is likely to break through the 1.3715 level, its nearest liquidity pool. This pair may also decline (Red Line). The Kiwi may grow if the pair does not drop and close bellow the 1.3545 level.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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