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08.02.2022 03:30 PM
USD/CAD analysis for February 08, 2022 - Potential for bigger upside movement

Technical analysis:

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USD/CAD has been trading upside today and I see potential upside continuation towards upper references. There is the rejection of key support at 1,2660 in the background, which is good sign for further upside movement.

Trading recommendation:

Due to rejection of key support at $1,2660 in the background, I see further upside movement.

Watch for buying opportunities on the intraday pullbacks with the upside objective at 1,2785.

Key support is set at 1,2650

Summary
Urgency
Analytic
Petar Jacimovic
Start trade
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