Sunday 16 November 2014

USDCAD Daily Analysis - November 17, 2014 Forex Analysis

USDCAD's downward movement from 1.1466 extended to as low as 1.1264. Further decline is still possible, and next target would be at 1.1200 area. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could trigger another rise towards 1.1600.



usdcad chart






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