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Forex technical analysis: USDCAD making new session highs.

Discussion in 'Technical Analysis' started by ForexLive, Mar 24, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Moves above 100 bar MA on 4 hour chart The USDCAD is getting another boost higher today as oil prices continue to retreat. Technically the pair has also moved above topside channel resistance and the 100 bar MA on the 4-hour chart at the 1.3250 level. The price for the USDCAD has not closed above this MA line since January 26th. Staying above is more bullish. A move below will be a failed break and would disappoint the longs/buyers.

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