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Recently, the USD/CAD pair has been trading upwards. The price tested the level of 1.3047. According to the M30 time – frame, I found broken support trendlines in the background, which is a sign that buyers are in control. I also found rejection from a strong support pivot cluster around the price of 1.2985. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.3067 and at the price of 1.3090.
Resistance levels:
R1: 1.3033
R2: 1.3067
R3: 1.3090
Support levels:
S1: 1.2075
S2: 1.2950
S3: 1.2917
Trading recommendations for today: watch for potential buying opportunities.
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