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USD/CAD (2015.07.09)

Source: AvaTrade Forex Broker (Review and Cashback Forex)

Summary :
Target Level : 1.2595
Target Period : 3 days

Analysis :
Channel Up has broken through the support line at 09-Jul-01:00 2015 GMT-5. Possible bearish price movement forecast for the next 3 days towards 1.26.

Supporting Indicators :
Downward sloping Moving Average

Resistance Levels :
( B ) 1.2781Last resistance turning point of Channel Up.

Support Levels
( A ) 1.2559Last support turning point of Channel Up.

USD/CAD Chart

usdcad

 

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