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Is the USDCAD a technical long?  BofA basically loves it.

Bank of America views USDCAD as a buy (see post here). But what does this business idea look like from a technical point of view? Does that make sense? What’s the risk ? What is the reward?

I look at the levels from an hourly and daily point of view to see if I agree from a technical point of view. Watch the video to see if this is a positive business idea or a negative business idea.

USDCAD forming a head and shoulder? That would be bullish


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