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USDCAD: Downward Corrective Reversal

Discussion in 'Technical Analysis' started by Kaitlin, Dec 1, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    USDCAD moved to a new high recently, but with decreasing momentum based on RSI reading. Notice that there was a strong divergence since end of October, so we assume that pair found a temporary top now and that price will make a three wave corrective set-back. As such, move up[​IMG]

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