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Forex technical analysis: USDCAD reaches topside resistance area

Discussion in 'Technical Analysis' started by ForexLive, Oct 3, 2016.

  1. ForexLive

    ForexLive Forum Member

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    The picture remains the same. The technical levels are tested. This is a familiar picture for the USDCAD. The yellow areas outline where the market has a number of swing lows/highs. The market is testing the lower yellow area on the correction off the low today (between 1.31279 and 1.31466). The high correction price has reached 1.3142.

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