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U.S. Dollar / Canadian Dollar
Long

USD/CAD:Pullback 50% FIBO on The Support Area - LONG Setup

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USD/CAD experiences a pullback at the previous support level that coincides with the 50% Fibonacci retracement level, it could potentially create a bullish momentum for the USD in line with the prevailing trend. However, the currency pair may encounter resistance in its attempt to sustain its five-month high, which could lead to a further pullback.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.