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USDCAD Daily Analysis – September 4, 2017

USDCAD broke below 1.2413 support and reached as low as 1.2339. Further decline could be expected in the coming days, and next target would be at 1.2050 area. Near term resistance is at 1.2500, only break above this level could trigger another rise to test 1.2778 key resistance.

USDCAD 4-hour chart

Author ForexCycle.comPosted on September 4, 2017Categories Short Term Forex AnalysisTags USDCAD

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