Currently the USDCAD is turning lower, we have seen a break below 1.2370 area last week. The pair started printing gift pullback towards the break region. Lower timeframes indicate that the pair is turning lower. Short below 1.2350 stop above 1.2365, we are targetting 1.2201 first before 1.1920 area for this week. GLT
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We are closing this trade here 1.2294, taking profit. FOMC event later posses a risk to this position. GLT