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Why I'm selling USDCAD: Coleman

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Ian Coleman of First4Trading.net explains in a technical analysis of charts why he is trading USDCAD.

He is looking to short at 1.2526. The stop is 1.2590 and his initial target is 1.2425. If this level is broken, his second target is 1.2340.

Coleman explains the background to a selected trade every Tuesday on Trading Floor.

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NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING