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USDCAD Analysis August 29, 2020

USDCAD Analysis August 29, 2020

On the weekly timeframe we are falling into a support/ demand zone . Overall we are bullish but price has been descending for quite some time deep into this retracement. Until we see a break on the 4hr at least we will continue to take selling opportunities. There is a nice confluence areas at the 61.8% fib level for price to pullback to and reject. We will look for selling opportunities along this area.

from Trading Ideas
via gqrds

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