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traderpulse
Jan 5, 2019 11:09 AM
USD/CAD Technical analysis
Short
FX:USDCAD
1D
U.S. Dollar/Canadian Dollar
FXCM
Description
⋅
Jan 5, 2019 11:09 AM
USD/CAD is currently in an ascending channel formation.
The resistive trend line has catapulted the price action with consecutive strong bearish candles.
We expect the pair to reach the supportive trend line from here.
Trend Analysis
Harmonic Patterns
Ascending Channel
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