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PipsLand
Jul 29, 2019 8:10 AM

USD CAD 29/07 Anaylsis  Long

U.S. Dollar/Canadian DollarFXCM

Description

Last Friday USDCAD reached resistance level around 1.3200 and reject from it, bounced back to the support level.

Stoch seem the signals line has cross to a positive signals; RSI had above the 50 level; price is above the resistance level.


The intraday trading range would around 1.3079- 1.3239. I would suggest can have a long bias above 1.3155. Target around 1.3200.


*This is based on current market conditions which can change any time. All trades taken at your own risk⁣.
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