maccabean
Long

Looking at a corrective move for the CAD?

FX:USDCAD   U.S. Dollar / Canadian Dollar
19 0 0
With pin bars off the Bollinger band and CCI falling back into the channel, plus MACD crossover, I think we could be looking at a corrective rebound here.

After the strongest currency move of 2015, it probably needs a rest. I would say the bad data should give the price a second thought for another leg down.
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