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Short

USDCAD Analysis May 24, 2020

FX:USDCAD   U.S. Dollar / Canadian Dollar
On the monthly timeframe we are showing signs of reversal at a high. On the weekly timeframe we closed last week with a lot of sellers exhaustion. Down to the daily we have been ranging between the two highlighted red zones. Down the the h4 timeframe we have broken bearish and are awaiting our next LH opportunity. The trend line looks like a solid area to look for reversal and we will be patient and sit on this timeframe until we see an opportunity!

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