This week’s long USD/CAD trading outlook

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(AI Video Summary)

Previous soybeans trading outcome

Chris Beauchamp introduces IGTV’s Trade of the Week, reviewing last week’s recommendation to go short on soybeans, which remains active with an entry point at 12.37 and a stop at 13.28. Despite a temporary recovery, the soybean trade is expected to continue its pattern.

This week’s trading opportunity

The focus then shifts to this week’s trade: going long on the US dollar against the Canadian dollar (USD/CAD). Observing recent choppy market behavior and identifying buying interest around the C$1.3600 to C$1.3670 range, a long position is advised with a stop at C$1.36, aiming for reconsideration of highs beyond C$1.3780 and up to C$1.3840.



This article was originally published by a www.ig.com

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