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USDCAD News

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Last Updated Date: 20 April 2022 @ 7:32 AM (UTC)
*Please note that all the dates are in GMT time zone

The USDCAD market is signaling a short term peaking turnover and warns for selloffs back under 1.2521, possibly testing the last swing low. Trade is poised to extend selloffs the next few days. Any corrections trapped within Monday’s range will stay aligned for selloffs. A close over 1.2680 is short term bullish.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.