USDCAD Weekly Analysis - May 24, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 24 May 2015 07:54 UTC
USDCAD broke above the top of the price channel on daily chart, indicating that the downtrend from 1.2835 had completed at 1.1919 already. Further rise could be expected, and next target would be at 1.2650 area. Support is at 1.1919, only break below this level could trigger another fall to 1.1500 zone.

usdcad chart

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