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    USD/CAD

    Thread for USD/CAD discussion - latest news, technical analysis, forecasts and opinions.

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    usdcadh4.png
    price is trying to go upper of the Moving average and trying to hold but did not yet succeed in doing that , and now market is trying to give almost tough the 23.6 fibo levels , which almost showing that bias for the this pair is strong bullish

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    usdcadh4.png
    price is trying to go upper of the Moving average and trying to hold but did not yet succeed in doing that , and now market is trying to give almost tough the 23.6 fibo levels , which almost showing that bias for the this pair is strong bullish

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    Interesting a long upper shadown of yesterday market opened , but by the end of the day we see that bearish maintain it's power and still today we are in titght range more likey is that if trend lines not break we after getting back above to the Daily pivot , see more up trend in the market

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    since long time we are in a strong bearish trend and now we have the good trend line and seem to be stronger if it,s retest but we should also have to see that if market not respect the RSI which means bearish will continue the trade

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    market has break one of the key level which was 1.0286 and now moving upward , trend is not strongly getting bullish so we can expect that trend and bias is bullish for today

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    support zone for the usd , is the 1.0377 and 1.0362 and if market not sustain these levels and break these levels then we can expect selling , stochastic overlapping and pointing towards downward

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    market has given the respect to the level of the 23.6 fib level as chart is showing us that market has bounce above from the level 1.0460 more likely once market goes above the 1.0550 then extension period would start

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    price are going the below in a tick by tick way by the respecting the fib level we can see , market respect every fib level , now new candle we have currently which under the two fib levels so if prices rebound here some , correction can be seen then further falls is expected

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    Market is trying to dive but facing the support at the floor of the 1.0465 and stall market over there , whereas downward bars getting stronger at MACD showing that bears getting strength so hence if market able to break this level and continue selling is expected today

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