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Forex News USD/CAD

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It's very slowly inching north but I suspect we won't see it break out above 1.3300 before the end of the trading week.
 
It pulled back from 1.3275 after forming a shooting star candlestick at that level on the daily time-frame, it may now drop to 1.3200.
 
I expected a further move south but USD/CAD found a support at 1.3190 and is now back 1.3240. Next target is around 1.3270 again.
 
It rallied above 1.3300 and reached to 1.3320 and then pulled back from it. We may be in for a correction finally.
 
1.3300 is still holding, the pair may depreciate back toward 1.3275 - 1.3270 but I doubt there will be a bigger movement.
 
USD/CAD is relatively bullish so it may continue rising to 1.3300 but I doubt it will break out above that level soon.
 

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