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Chart Of The Day: USD/CAD

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 5, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    Within the current long-term downtrend channel on the USD/CAD daily chart, as shown, price has just reached a critical resistance level. The most recent upturn initiated last week has pushed price up against two significant resistance factors. The first factor is represented by the short-term descending channel (shown on the...

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