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USDCAD Weekly Analysis - December 27, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 27 December 2015 07:50 UTC
USDCAD remains in uptrend from 1.2831, the fall from 1.4000 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.5000 area. Only a clear break below the channel support could signal completion of the uptrend.

usdcad chart

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