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USDCAD drops after BOC announcement

Discussion in 'Technical Analysis' started by ForexLive, May 25, 2016.

  1. ForexLive

    ForexLive Forum Member

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    It took a little while for the market to jump in but the pair is now off around 70 pips from the announcment We edged through the support I highlighted earlier to trade down to 1.3053. It was a bit of a delayed reaction as the initial move was only 30 odd pips.

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