USDCAD broke above the bearish trend line on its 4-hour chart and is now facing 1.2575 resistance. As long as this level holds, the price action in the trading range between 1.2413 and 1.2575 could be treated as consolidation of the downtrend from 1.3347, and further decline towards 1.2200 is still possible after the consolidation. … Continue reading "USDCAD Daily Analysis – August 2, 2017"
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