USDCAD Weekly Analysis - May 10, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 May 2015 07:38 UTC
USDCAD continued its downward movement from 1.2835, and the fall extended to as low as 1.1939. Near term resistance is at the top of the price channel on daily chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target would be at 1.1500 area.

usdcad chart

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