USD/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
USD/CAD is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 1.353.
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We are seeing a good move already so we will keep the trade running!
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