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Forex typical analysis: USDCAD tests cluster of support area

Discussion in 'Technical Analysis' started by ForexLive, Oct 10, 2016.

  1. ForexLive

    ForexLive Forum Member

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    100 hour MA and 200 day MA tested. #8.2% and trend line also in the area. The USDCAD is moving lower on the back of higher oil prices. Comments from Russians Putin saying Russia was ready to freeze or even cut will output, has pushed the price of oil higher. The crude oil futures account trading up a dollar 16 or 2.33% to $51 per barrel.

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