Downward momentum is confirmed in USDCAD on a Weekly and Daily time. Market has drifted up and bounced off yesterday’s lows in the London session providing some resistance today. Selling on the breakout of the Asian consolidation area at 1.2868. Stop above the highs at 1.2885. A 1:2 Risk:Reward target corresponds with yesterday’s lows at 1.2834.
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