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USD/CAD trade is in profit

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H4 chart USD/CAD

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Daily chart USD/CAD

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USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips. In the meantime, it's wise to move our stop to our entry to protect the trade from any potential losses ahead of Canada’s Jobs Report later today, while we maintain our target remains at 1.22 for now.

S3

S2

S1

Pivot

R1

R2

R3

1.1926

1.1989

1.2012

1.2052

1.2075

1.2115

1.2178

TRADE NOW

Nour Eldeen Al-Hammoury

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