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USD/CAD technical analysis for 24-28 oct.

Check below chart to get a glimpse of where we are standing now.

The pair has been advancing since poloz speech making a hammer candle on the 4h chart and posting 250 pips more.

The pair is currently capped by the upper trendline of the ranging channel. We can issue a short trade here looking to take profit at 1.2960

The stop loss is on daily close above the 1.3350 area.we would issue a long position then targeting 1.3650;

P.S: The long position issued at 1.3054 closed at 1.3320

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