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Technical Analysis USDCAD : 2016-01-06

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Bank of Canada Governor speaks on Thursday Last December the Canadian dollar rate reached the 11-year high against the US currency which means its severe weakening. Nevertheless, the chart stopped moving upwards. Fossil fuels are the heart of Canadian export. Their current price is quite stable. Will it support the Canadian dollar? On the chart the CAD strengthening will look as the fall of USDCAD. On December 18, 2015 the Canadian dollar fell to the lowest in 11 years at C$1,4003. It is

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