USD/CAD BEARS ARE GAINING STRENGTH|SHORT
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USD/CAD is trending down which is clear from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 1.366.
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TP in sight so we are being patient!
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