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USD/CAD technical suggests down trend

  • Gently bid with USD/JPY this morning in Asia, quiet weekend for news

  • Pivotal support at 1.1920/40

  • Despite bounce 5, 10 & 20 dma's head south, neutral momentum studies

  • Close below 1.1920 would target 1.1728, 50% Fibonacci retracement

 

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