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Thread: Usd/cad

  1. #1
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    Default Usd/cad

    The dollar against the Canadian Dollar managed to drop down again yesterday as continuation pattern of the general trend towards the downside, the pair might open new ways into the downside direction as the technical parameters still show.

    The trading range for today will be between the key resistance at 1.0550 and the key support at 1.0430.

    The general trend is down as far as 1.0850 remains intact, targets will be at 1.0478 and 1.0320.

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    Well despite what everyone else says I'm still hoping it has already bottomed put, but from the charts it doesn't look like it

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    Daily Pivot Points Summary

    USDCAD 1.0501 1.0442 1.0497 1.0401 1.0422 1.0459 1.0480 1.0518 1.0539 1.0577 21:00 GMT

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    4 Hours Pivot Points Summary

    USDCAD 1.0544 1.0484 1.0519 1.0428 1.0456 1.0488 1.0516 1.0547 1.0575 1.0607 21:00 GMT

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    Hourly Pivot Points Summary

    USDCAD 1.0515 1.0508 1.0513 1.0502 1.0505 1.0509 1.0512 1.0516 1.0519 1.0523 21:00 GMT

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    Default

    1.0544. Resistances lie around 1.0578 and 1.0643. It should test lower towards 1.0513 zone. A clear break of 1.0488 would be bearish.

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