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Lambert: Why I am shorting USDCAD

Clive Lambert says he is shorting USDCAD after the pair saw a significant sell-off on Wednesday.

The selling left resistance at around 1.3767-72 for the pair, which overnight failed at 1.3784. Lambert believes the pair will head lower today and in coming days and is looking to sell at 1.3750 with a stop above 1.3800 and his targets for the trade are 1.3660 and 1.3460.

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01:03 minutes
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