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USD/CAD Forecast April 17, 2012, Technical Analysis

posted by Avatar FXEmpire 399 days ago in USD, CAD, Technical made popular 399 days ago

The USD/CAD pair rose during the session on Monday, poking through the parity level in order to challenge the 200 day EMA as well. This is an area that the pair has found resistive lately, and the level has acted as resistance yet again. The resulting shooting star on the daily candle suggests that the market wants to fall again. However, there is
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