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USD/CAD Ranging Across Flat Ichimoku – Trading Strategy
So...Bank of Canada left rates unchanged on Wednesday and left USDCAD ranging across flat Ichimoku. What does this mean from a trading strategy standpoint? Read-on to find out! | Technical Analysis The USD/CAD pair gained back some of the losses from the beginning of the week once BOC left interest rates unchanged. However last week’s break above the Ichimoku cloud was incredibly short-lived and was followed by a strong bearish engulfing candlestick pattern and a break back below the cloud. This indicated mixed signals for the pair. It seems like the pair has fallen under a comfort range between 1.3250 and 1.27. ... (full story)
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