USDCAD setting up for a bounce

USDCAD setting up for a bounce

The USDCAD is setting up for a bounce pre US election day. Structurally speaking we are retesting and rejecting the 1.3220 level which are the previous highs.

The USD however is rejecting the 94.00 level which could be bearish for the USDCAD. If the USDCAD breaks with the 1.3200 level all bullish bets are off.

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Author : Orlando Gutierrez

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