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USD/CAD Weekly Outlook

posted by Avatar wisaac 797 days ago in USD, CAD, Weekly made popular 797 days ago

USD/CAD dropped to as low as 1.0062 last week but lost momentum ahead of mentioned target of 161.8% projection of 1.0779 to 1.0369 from 1.0679 at 1.0016. Considering bullish convergence condition in 4 hours MACD, a short term bottom might be seen in place and some consolidations would possibly be seen in near term.
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