After touching 1.3540 resistance, USDCAD pullback to 1.3480, indicating that the pair remains in downtrend from 1.3793 and the bounce from 1.3387 could be treated as consolidation of the downtrend. As long as 1.3540 resistance holds, the downtrend could be expected to continue and further decline towards 1.3200 is still possible after the consolidation. Only … Continue reading "USDCAD Daily Analysis – June 5, 2017"
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