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Forex technical analysis: USDCAD tests resistance area after growth cut

Discussion in 'Technical Analysis' started by ForexLive, Oct 22, 2015.

  1. ForexLive

    ForexLive Forum Member

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    1.3070 level tested The BoC cut growth forecast for 2016 to 2.0% from 2.3%. Inflation risks are roughly balanced. The USDCAD has moved higher - mainly from the growth cut it seems - and the pair tests the key resistance against the 1.3070 area.

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