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Thread: The dollar / Canadian Dollar

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    Default The dollar / Canadian Dollar

    The dollar against the Canadian Dollar tended to head towards the upside in a correctional move after it gathered enough bullish momentum when consolidation yesterday; this move might end at the 1.0750s resistance level since the technical indicators showed the upside pattern yesterday after the pair breached the major level at 1.0630s.

    The trading range for today will be between the key resistance at 1.0750 and the key support at 1.0600.

    The general trend is down as far as 1.1220 remains intact, targets will be at 1.0478 and 1.0320.
    buying USD/CAD above 1.0655 with a target at 1.0730, stop loss below 1.0615.

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    Trades below pivot level 1.0708 . Immediate support seen at 1.0682 while resistance seen at 1.0731 .

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    Default

    USD-CAD
    1.0594. Market should meet resistance at 1.0628. We expect then an extended move down to 1.0555 -1.0492 area

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    Default USD/CAD hit 30 years low

    The Canadian dollar rallied across the board earlier in the Friday session when a rumored large bid entered the market and sparked growing bullish sentiment stoked through high energy prices. The run on stops was short lived though, as the rally quickly sputtered out and the currency retraced on profit taking.


    Resistance: 1.0730
    Support: 1.0600
    After trading in a tight range for three weeks, the USDCAD experienced high volatility. Today, the USDCAD dipped down, hitting a 30-year low at 1.047. The pair appears to be collecting itself into another range as it is typical for it to have controlled sessions with low volatility followed by large volatile moves.

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    Default

    USD-CAD
    1.0614. It should test 1.0713 area after which a sell off down to 1.0503 or extended to 1.0392 area is expected

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    1,0622. USD CAD is in a consolidation after the last bullish movement. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move in 1,0590 / 1,0660 range.

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    Default

    Dollar and usd/cad both are bullish movement.

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