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USDCAD Weekly Analysis - February 22, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 22 February 2014 14:56 UTC
USDCAD failed to break below the upward trend line on daily chart, and rebounded from 1.0910. However, as long as 1.1224 resistance holds, the consolidation of the uptrend from 1.0182 could be expected to continue, and one more fall to test the trend line support is still possible. On the upside, a break above 1.1224 will signal resumption of the uptrend from 1.0182, then next target would be at 1.1500 area.

usdcad chart

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