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USDCAD Consolidates Under Fresh High, Deeper Pullback Requires Break Below 1.3210/1.3178...

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair consolidates under fresh multi-month high at 1.3315 (last seen in mid-March), where bull-leg from 1.3046 trough was capped by weekly cloud base Fibo 38.2% of larger 1.4688/1.2459 descend. Studies maintain firm bullish tone, however, Slow Stochastic is attempting to reverse from overbought zone, daily RSI is turning[​IMG]

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