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Focusing on sells early today. For much of the month of September the USDCAD was range bound between 1.0350 and 1.0220. Early this week we are seeing a break of that pattern to the bottom of the range. If the break holds I am targeting the 1.0170 area as an initial profit target. Being cautious if this is a false break using smaller size for now. As usual will move to break even if 20-25 pips of profit are seen.
USD/CAD Chart Picture
