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A quick move expected on SPX500 as it starts approaching a support line of a Falling Wedge

SPX500 is heading towards the support line of a Falling Wedge and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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We expect USDCAD to trend upwards today with a 75% chance.

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USD/JPY Target Level: 104.4460

USD/JPY Target Level: 104.4460

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