The Technical Confluences Indicator shows that the plunge that the USD/CAD took breaks a key confluence cluster of support at 1.2762. This is the meeting point of the Fibonacci 61.8% one day, the Bolinger Band 15 minute Lower (Stdv 2.2), Pivot Point one month S1, and the 15 and one-hour highs. This level now turns into support. After [...]
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