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USDCAD Weekly Analysis – September 3, 2017

USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.2050. Key resistance is at 1.2778, only break above this level could signal completion of the downtrend.

USDCAD daily chart

Author ForexCycle.comPosted on September 3, 2017Categories Long Term Forex AnalysisTags USDCAD

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