USDCAD Remains Bullish Above The 1.4000 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 6, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDCAD - Remains bullish above the 1.4000 zone following a break and hold above that level during Wednesday trading session. This is coming on the back of its Tuesday downside price rejection to close higher. On the upside, resistance resides at the 1.4150 level where a break will target the 1.4200 level. Further out, resistance comes in at the 1.4250 level where price hesitation may occur. But if further recovery is seen, the pair could strengthen more towards the 1.4300 level. Its daily RSI

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