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Canadian Dollar Price Chart: USD/CAD Breaks Out - Loonie Trade Levels
The Canadian Dollar is slipped more than 1.1% against the US Dollar over the past three sessions with the advance now testing confluence resistance at the monthly highs – our focus is on today’s close. These are the updated targets and invalidation levels that matter on the USD/CAD charts this week. Review this week’s Strategy Webinar for an in-depth breakdown of this Loonie trade setup and more. In my latest Canadian Dollar Weekly Price Outlook we noted that, “the immediate focus is on a reaction of this key zone at 1.2972-1.3052 – watch the weekly close. From a trading standpoint, look to reduce ... (full story)