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Trading the Trend: long USD/CAD


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We believe that USD/CAD is again bottoming out around the $1.33 mark and that the US dollar will likely appreciate over the coming weeks.

We would thus like to go long USD/CAD at $1.3430 with a stop-loss at $1.3300 and an upside target at $1.3700.

 

Axel Rudolph FSTA | Senior Financial Analyst, London | Publication date: Wednesday 19 April 2023

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