USDCAD Finally is It ready for a long?

9 במאי 2023

On USDCAD, we have great long potential, given the strength of the dollar, which is gradually rising. There will be inflation and GDP data released this week, so we may see some dollar increases between Wednesday and Friday. In this analysis, I have identified a possible long entry point at 1.3340. Please note that this is a setup defined through the Forex48 strategy. Take Profit for a long trade will be at 1.35.

Let me know what you think.

Happy trading, everyone.

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