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Daily Market Analysis 28|05|2021: USDCAD
Instrument: USDCAD Technical Analysis Bullish Preference: Buy position is envisaged if price trades above 1.20152 with take profit at 1.21177. Bearish Preference: Sell position is envisaged if price trades below 1.20712 with take profit at 1.20583. Fundamentals:1:30pm USD Core PCE Price Index m/m2:45pm USD Chicago PMI Comment: The buying opportunities in the US dollar pushed USD/CAD higher on …
