Hello traders, USD/CAD is trading at 1.2543. The price is moving in an upward resistance and support channel, after reversing from support level it can start a new up trend. The entry price for the pair is at 1.2559, target price is at 1.2644 and stop loss price is at 1.2514.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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