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JoeNeilCarey

USD/CAD BREAKS DAILY RANGE - POTENTIAL LOW RISK TRADE

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JoeNeilCarey  
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD (US Dollar) usdcadlong USD CAD Forex trading breakout support Support and Resistance Trend Lines trend priceaction Momentum Indicator (MOM) Relative Strength Index (RSI) Moving Average Convergence / Divergence (MACD) fibonnacci profit Moving Averages movingaveragepriceaction rangebound Bullish Patterns upside
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usd-us-dollar usdcadlong usd cad-dollar forex trading breakout support supportandresistance trendline trend priceaction momentum relativestrengthindex macd fibonnacci profit movingaverage movingaveragepriceaction rangebound bullish upside
A DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's

THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL

A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT CANNOT BE RULED OUT, A HOLD OF THIS LEVEL WOULD BE SIGNIFICANT - LITTLE RESISTANCE LIES AHEAD OF THE DOLLAR AND FOLLOWS THE LONG TERM BULL TREND OF THE PAIR
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