As the usdcad broke the 1.40200 we shorted down to the 38.2% retracement confluence level yesterday at 1.39600. Sellers are advised to watch and look for a break of this 38.2% to target our next support point which is around the 1.38000 levels. You can also go short at the 1.40300 / 1.40500 levels with tight stops and hold the position for a break of the lows to target our 50% retracement extension at 1.37500.
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