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Why I'm long USDCAD: Coleman

There has been a selloff in USDCAD from January to April. However a bullish channel formation has formed since April.

Now a bullish reversed head and should formation is forming, but according to Ian Coleman of First4Trading.net there is a scope for a corrective move to the downside.  

Coleman is looking to go long USDCAD with a stop at 1.29. His targets are 1.33 and 1.3480.


 

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