Thursday, July 24, 2014

USDCAD Daily Analysis

11:01 PM
USDCAD remains in uptrend from 1.0619, the fall from 1.0794 is likely consolidation of the uptrend. As long as 1.0707 support holds, the uptrend could be expected to resume, and another rise to 1.0850 area is still possible. On the downside, a breakdown below 1.0707 support will signal completion of the uptrend, then further decline to 1.0502 area could be seen.

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