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USD/CAD Keeps Selling On Rallies In A Strong Zig Zag

Discussion in 'Technical Analysis' started by Kaitlin, Aug 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/CAD has been in a strong downtrend after a break of a trend line (blue) indicated by a failed W bullish pattern in uptrend (green rectangle). At this point we see a strong bearish zig zag targeting sub 1.2800 levels, if the pair proceeds with downtrend. Retracement to POC[​IMG]

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