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USDCAD : Intraday View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 11, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Canadian dollar is up against the US currency today, now turning back to 1.4050-1.4070 area with aggressive intraday decline which means that top can be forming here. However, oil is not bullish yet, which is needed for lower USDCAD, so be careful with any trades on the short site of this pair. But daily close beneath 1.4048 would definitely be first important and interesting bearish evidence for the rest of the week. USDCAD, 1H

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