I am long on usdcad "loonie" at 1.3020 but I am looking to add more to my current position at 1.2940 area and 1.2880 area. My stop loss for this trade will be on daily close below 1.2880 area . My target is 1.3240 in the medium term view , I think the catalyst will be better than expected US retail sales due tomorrow at 12:30 GMT.
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