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Silver Spot – breach of price line that’s been previously tested numerous times before

Silver Spot is once again retesting a key horizontal support level at 30.9130. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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We expect a 45 pip movement on USDCAD within 12 hours following the event release.

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