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USD/CAD D1 Technical July 02

USD/CAD is trading in a range of  1.0420-1.0560 level.  Bollinger band  are not providing clear signals due to oversold of pair. Price action on 1.0560 level should be carefully watch. Break through resistance will allow USD/CAD to continue its bullish trend.

On the contrary. If USD/CAD didn’t manage to break its resistance and get a pullback hen pair will dropped towards southward and target will be 1.0420 level.