USDCAD Weekly Analysis - August 7, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 August 2016 14:28 UTC
USDCAD is in short term uptrend from 1.2654. Further rise is still possible in a couple of weeks, and the target would be at 1.3300 - 1.3400 area. Support level is at 1.2800, a breakdown below this level will indicate that the uptrend is complete, then the following downward movement could bring price to 1.1000 zone.

usdcad chart

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