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Friday, July 7, 2017

USD/CAD: Short Position Opportunity

It has been quite volatile for USD/CAD for the last several hours creating a big range of the currency quotes.

Now it seems like there is an opportunity to open short position for the next couple of hours. USD/CAD is predicted to enter the yellow zone as seen on the following picture.

Today I'm expecting to exit from market at above 1.29683.

However, shal USD/CAD breaks above 1.29929 then I might exit the market sooner than expected.