USDCAD Analysis - September 5, 2010 Bookmark and Share
Forex Market Analysis  |  Written by ForexCycle.com |  Sunday, 05 September 2010 02:29 GMT
USDCAD is facing the support of the rising trend line from 1.0107 to 1.0247, a clear break below the trend line support will indicate that a cycle top has been formed at 1.0672 on daily chart, and the rise from 1.0107 has completed, then deeper decline towards 1.0107 could be seen.

For long term analysis, USDCAD formed a cycle top at 1.0852 level on weekly chart. Rang trading between 0.9930 and 1.0852 would more likely be seen in next several weeks.

usdcad daily chart
 

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