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USD/CAD underpinned by latest daily hammer

  • Possibility seen for gains to the Ichimoku cloud base at 1.2319

  • Spot underpinned by large hammer posted on Apr 17

  • Traders to get long ahead of the 1.2088 levels

  • Medium-term bulls to be hurt by a daily close below 1.1989

  • 1.1989 - 38.2% of the 1.0620 to 1.2835 up-leg - would defer

 

  • Market Data
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