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Nov 06 - 02:55 AM

USD/CAD - Underlying Bull Trend Could Be Back In The Game

By Peter Stoneham  —  Nov 06 - 01:45 AM
  • Significant bullish jolt and potential for a bull trend resumption

  • We have taken our 1.3945 offer off the table

  • Only a three day bear run preceding but a bullish engulfing line possible

  • Key resistance at 1.3959, Nov. 1 high

  • Break above this level could put the underlying bull trend back in the game

  • Daily momentum studies are confirming the rally

  • We stand aside for now: waiting for the dust to settle

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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