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- Alexandros Yfantis (based on investing.com)
Pair's Outlook
The Greenback fell below the monthly PP at 1.3043 against the Loonie, and the pair almost touched additional support level comprised of the 55-day SMA and 23.60% Fibo retracement at 1.2988. However, in the first half of Friday's trading session, the currency exchange rate has been fluctuating just above the level of 1.30 by 11:00 GMT. In the meantime, daily aggregate technical indicators forecast a surge for the pair during today's trading session. Although, that would be hindered by the before mentioned monthly pivot point.
SWFX trader open positions on Wednesday are 73% long. In the meantime, pending commands are 57% short.
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