USD/CAD Analysis - page 34

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My view is that it will go up to around 1.3350 before falling again
 
The pair rebounded from 1.3200 after forming a pin bar on the H4 time frame. I think it will rally back to 1.3300 as part of the correction above the support at 1.3160 - 1.3200.
 
I opened a long position at 1.3230. For the moment my target is at 1.3300, depending on how it develops there I may keep it open.
 
I closed my long position once the pairing reached 1.3300, I think it is forming a consolidation channel between 1.3180 and 1.3300.
 
USD/CAD fell to 1.3246 after a rally to 1.3350. The pair remains bearish and I think it will reach 1.3200 soon.
 

Currently out of the trend channel, staying away from this pair for now.

 
Correction movement continues, CAD remain under pressure. Support level can be found around 1.3160. 
 
USD/CAD rebounded from 1.3210 but so far remains very range-bound. I think I will refrain from opening new positions for the moment.
 
I think that the current drop is just the beginning of the move to the downside and its closest target is around 1.3030 - 1.3000.
 

USD/CAD broke the support at 1.31. Next level would be 1.2915.

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