USDCAD neutral

The dance of the Dollar and the Loonie

27 July 2021 169
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Now we can observe USDCAD’s first attempt in this year to upbreak its 200-period moving average.

 

The short moving average is also directed upwards and aiming to cross the longer-period one.

 

It is most likely that in a week it will become clear whether a “strong” ascending trend will gain shape.

 

The correction Fibonacci levels are also signaling a good growth potential of the pair. 

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