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Stop!Loss|Market View: USDCAD

🙌 Stop!Loss team welcomes you❗️
In this post, we're going to talk about the near-term outlook for the USDCAD currency pair☝️

Potential trade setup:
🔔Entry level: 1.37449
💰TP: 1.39357
⛔️SL: 1.36519

"Market View" - a brief analysis of trading instruments, covering the most important aspects of the FOREX market.
👇In the comments👇 you can type the trading instrument you'd like to analyze, and we'll talk about it in our next posts.

💬 Description: Further weakening of the US dollar is likely to be expected in the near future. Against this backdrop, USDCAD is approaching support at 1.37335 (short-term selling could be looked for). At the same time, a promising upward reversal is expected from this area, with a preliminary target of 1.39000. A longer-term move could continue toward 1.40000 and 1.41000.

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Profits for all ✅