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USD/CAD Forecast January 16, 2012, Technical Analysis

posted by Avatar FXEmpire 130 days ago in USD, CAD, Technical made popular 130 days ago

USD/CAD rose during the session on Friday as the triangle that contains this market continues to work. The candle for the day looks reasonably strong, but until we get a breakout to the upside of the triangle, buying isn’t recommended. The breakdown below the bottom line of the triangle would suggest a serious move as well, but in the meantime, thi
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