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USD/CAD Technical Analysis

Published on: 13/02/2018

Since the beginning of today's trading session, the dollar index has fallen below the level of 90.00 and is currently losing its positions relative to the basket of major currencies. Despite the decline in quotations for the black gold and some dependence of the value of the Canadian dollar on oil, at the moment the Canadian national currency wins the position from the greenback.

We do not expect any data from Canada today. A speech by the member of the FOMC Mester will be given today in the US.

Considering technical indicators, we get confirmation for the sale of our pair.

We will look for points to enter short positions. At the moment, the pair was fixed below our moving average MA (21) and from it we will enter sell positions. Points to exit the market will be found near the levels of 1.2510 and 1.2450.

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