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Forex technical analysis: USDCAD fall below trend line/MA. Can the selling continue?

Discussion in 'Technical Analysis' started by ForexLive, Oct 29, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Tried to break lower yesterday. FOMC statement ruined those plans. The USDCAD has closed below the 100 hour MA (blue line in the chart below), and the trendline connecting lows going back to October 15 at 1.3189-91.

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