Greeting Forexia Family, today is a NFP day which is considered to be most volatile day of the beginning of the month. Trading NFP is not recommended to beginner traders. Lets break the analysis down, from the analysis above I can see that the pair is down trending, however, the USDCAD has formed induction up trend where people are induced to go long. I believe the pair will keep going down, even better inducing of the zone by bouncing as acting as support to go long even more before NFP. I am waiting for the scenario below with DMA entry.
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