Long-term review
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Trading recommendations:
- According to the previous events, the USD/CAD pair is still moving between 1.1025 and 1.0950.
- Sell below the price of 1.6026 which represents the ratio of 61.8% Fibonacci retracement levels with the first target at 1.0983. Then, it will go towards 1.0950 in order to test this strong support (50% Fibonacci retracement levels).
- Buy above the price of 1.0950 (if the trend fails to close below it) with a target at 1.1026, then at the price of 1.1118 in order to test the strong resistance.
Notes:
- Please, check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
- The key level is set at 1.0950.
- We expect a range of 75 pips in coming hours.
- History will probably repeat itself at this level again.
Intraday technical levels:
- R3: 1.1080
- R2: 1.1055
- R1: 1.1018
- PP: 1.0993
- S1: 1.0956
- S2: 1.0931
- S3: 1.0894
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