USDCAD Weekly Analysis - May 1, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 01 May 2016 08:19 UTC
USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2499. Further decline is still possible over the next several weeks, and next target would be at 1.2000 area. Resistance is at the downward trend line on daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

usdcad chart

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