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USDCAD: Correction Within Uptrend

Discussion in 'Technical Analysis' started by Kaitlin, Jan 21, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USDCAD reached new highs around 1.4700 yesterday where bears step in and caused a strong bearish turn. Notice that move was sharp and it also closed lower at the end of the day, which is an important signal for a temporary top in place. At the same time price took[​IMG]

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