The pair performed a strong break this morning by the 200 days MA on the one hour chart. After clearing 1.02, it found 1.0224, former annual low. Before breaking it, it could perform a pullback over 1.02. The target is closing a candle over 1.0224. Below, we must remember that it's a potential bearish area, the one where the pair is. In this case, the target will be a new V rebound, with the breaking area at 1.0181. A strong movement of the loonie could make 1.0147 come into play.
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