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    Technical analysis for the USDCAD on 14.07.2015

    The USDCAD is testing 1.2780 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 1.2900Min. 1.2655

    usdcad7

    Downside correction from 1.2780 resistance didn’t last long. The price turned up after the test of 1.2655 support.

    Bulls are currently testing resistance at 1.2780. Medium-term bullish trend will continue only if they manage to this barrier.

    Potential growth targets are situated at 1.2800, 1.2850, 1.2900.

    Alternative scenario: the breaking of the ascending trend line of 1.2720 will allow the bears to turn the uptrend down for a test of support at 1.2655.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The USDCAD is testing 1.2780 resistance

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 120 pips Max. 1.2900Min. 1.2655

    usdcad7

    Downside correction from 1.2780 resistance didn’t last long. The price turned up after the test of 1.2655 support.

    Bulls are currently testing resistance at 1.2780. Medium-term bullish trend will continue only if they manage to this barrier.

    Potential growth targets are situated at 1.2800, 1.2850, 1.2900.

    Alternative scenario: the breaking of the ascending trend line of 1.2720 will allow the bears to turn the uptrend down for a test of support at 1.2655.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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