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JHtrading
Jun 13, 2015 10:26 AM

USD/CAD - Breakout impending - Many confluences for shorts Short

U.S. Dollar/Canadian DollarFXCM

Description

Looking for a break of the inner TL here, first target laying at the -0.27 extension, confluent with the added ranges of the recent double top formation. This currency pair is also positively correlated with the Dollar index, which is also showing signs of weakness. It also has a inverse correlation with Crude oil which is showing some signs of strength.
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