USDCAD Weekly Analysis - May 8, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 08 May 2016 13:40 UTC
USDCAD broke above the downward trend line on daily chart, indicating that the downtrend from 1.4689 had completed at 1.2460 already. Further rally could be expected over the next several weeks, and the target would be at 1.3600 area.

usdcad chart

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