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USDCAD determined to push higher

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The USDCAD appreciated after positive US ADP, ISM and trade balance reports ,generally maintaining positive USDCAD movement. Today we are focused on 1.3120-50 region where rejections could happen. ( 89 EMA, 38.2, H3, WPP ). Rejections could push the price towards 1.3190 and any strong momentum push or H4 close above 1.3190 will target 1.3300 region. We can also spot an ascending trend line (5-touch trend line) and as long as the price is above the trend line USDCAD should proceed higher.

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