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USDCAD consolidates below 1.0678

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 4, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDCAD consolidates below 1.0678 resistance. Range trading between 1.0540 and 1.0678 would more likely be seen in a couple of days. Support is at the lower boundary of the rising price channel on 4-hour chart, followed by 1.0540, as long as this level holds, uptrend could be expected to continue and another rise towards 1.0852 (May 25 high) is still possible after consolidation.


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