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USD/CAD close to visiting resistance - page 36

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Ari Goldman
695
Ari Goldman  

USD/CAD rose significantly after the enormous decline this year. Expecting the upside to continue.

Diana Jackson
592
Diana Jackson  

USD/CAD is at a support at 1.2545. I think that the bullish inverted hammer bar it has formed on the D1 time frame is a good signal for a rebound from that level.

Ari Goldman
695
Ari Goldman  

Good gains the previous week, lost of them this week. I have the feeling it's not the end of the depreciation.

csc2009
835
csc2009  

Price remains close to key support around the the 1.24 handle, we may see some sideway trading since upwards or downwards movement seem limited.

Diana Jackson
592
Diana Jackson  
USD/CAD is very bearish. I think the move to the downside will continue and the closest target is around 1.2415 - 1.2400.
Ari Goldman
695
Ari Goldman  

What the pair gained in the beginning of the week it gave away in the end. But good to buy in again i think.

Leven Yavorov
692
Leven Yavorov  

usdcad signal

csc2009
835
csc2009  

Bearish trend remains, the pair is consolidating losses on the downside. Further consolidation would increase if break below support zone around 1.2330/40.

Diana Jackson
592
Diana Jackson  
csc2009:

Bearish trend remains, the pair is consolidating losses on the downside. Further consolidation would increase if break below support zone around 1.2330/40.

The pair broke out below 1.2330 and kept depreciating. The trend is so bearish that I wouldn't be surprised if it reaches 1.2000 without much of a correction on the way down.

Ari Goldman
695
Ari Goldman  

A new bottom in sight. Expecting more downside.

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