08-28-2010, 12:15 AM
USDCAD Analysis.
USDCAD failed to break the high of 6th july 1.0676 resistance and formed a cycle at 1.0666. hopefully it will move down towards 1.400. As the support of 1.2400 holds the fall from 1.0666 could be in a strength and give a uptrend from 1.107 up to rise at 1.0750. The deeper decline could be in 1.0200
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USDCAD failed to break the high of 6th july 1.0676 resistance and formed a cycle at 1.0666. hopefully it will move down towards 1.400. As the support of 1.2400 holds the fall from 1.0666 could be in a strength and give a uptrend from 1.107 up to rise at 1.0750. The deeper decline could be in 1.0200
Live Forex Rates