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USDCAD: Continues To Consolidate

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Jul 21, 2016.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    The Loonie has been consolidating in a fairly predictable manner over the past number of weeks, even with the upset caused by the UK referendum. Resistance around the 1.3129 mark has proven to be a fairly immovable obstacle and, likewise, the downside constraint of the consolidation pattern has remained unbroken.[​IMG]

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