USDCAD Weekly Analysis - July 20, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 20 July 2014 04:00 UTC
USDCAD is testing the trend line resistance, as long as the pair stays below the trend line, the downtrend from 1.1278 could be expected to continue, and next target would be at 1.0300 area. On the upside, a clear break above the trend line resistance will indicate that the downtrend had completed at 1.0619 already, then further rise to 1.1000 area could be seen.

usdcad chart

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