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USD/CAD Analysis: Tests 1.3602

The US Dollar surged by 82 points or 0.60% against the Canadian Dollar on Tuesday. The currency pair tested the weekly pivot point, as predicted during yesterday’s trading session.

All things being equal, the USD/CAD exchange rate could slide lower within the following trading session. The potential target for bearish traders will be at the monthly pivot point at 1.3563.

Although, a possible upside reversal could occur from the 1..3580 within Wednesday’s trading session.

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This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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