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Forex technical analysis: USDCAD soars after miss on data

Discussion in 'Technical Analysis' started by ForexLive, Sep 23, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Test weeks midpoint target/100 hour MA The USDCAD has soared after the miss in the retail sales and the CPI data out of Canada. The price this week fell below a floor at the 1.3128-46 area (lots of swing lows) on Wednesday. Higher oil prices kept the pressure on the pair yesterday. Support near the 100 day MA at the 1.29919 stalled the fall (the low yesterday reached 1.29997).

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