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USD/CAD close to visiting resistance - page 44

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Vadim Zotov
7344
Vadim Zotov  

Dear colleagues!
There are such thoughts on USD / CAD.
The wave structure shows the trend development upward to target 1.2960. This is the yellow third wave. It should break through the level of 1.2915 and confirm the third green with a target of 1.3460.

USD/CAD

mtllc
164
mtllc  
USD/CAD is stable around 1.27. I think the pair will consolidate before next upleg.
Ari Goldman
901
Ari Goldman  
Looking to go short at around 1.2750.
mtllc
164
mtllc  
USD/CAD is consolidating around 1.2770. It seems that bulls are taking deep breath before attacking the 1.28 handle.
Ari Goldman
901
Ari Goldman  
The pair some a significant climb this week. Looking to short at 1.29.
Vadim Zotov
7344
Vadim Zotov  

The price moves in accordance with the forecast. Be careful! Soon roll back down!

USDCAD

mtllc
164
mtllc  
It seems that the pair will regain the 1.30 level.
Ari Goldman
901
Ari Goldman  
The Canadian dollar depreciated this week against the USD and EUR. More way to go imo.
Vadim Zotov
7344
Vadim Zotov  
mtllc:
It seems that the pair will regain the 1.30 level.

It's right.
But in the beginning you can sell up to 1.2580.
Now a good entry point down.

USDCAD

mtllc
164
mtllc  

Last week the pair stalled at the 1.30 hurdle and then retreated lower. More important level is 1.2920, which is a triple top and where now USD/CAD is located. It’s obviously that bulls wil try to test 1.30 for another round.

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