20
Mar
Technical Analysis – USDCAD _ 20-03-2019
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The pair is fluctuating around the neckline of the upside down head and shoulders pattern shown on the chart … and the possibility of a bullish move remains intact as long as the pair remains above 1.3215 and the pair could return to 1.3435 (first target) and 1.3545 as the second target and then 1.3655 as the third target.
A break of 1.3215 could weaken the upside scenario and could pressure the pair to test support at 1.3130 as the first target and then support 1.3000 as the second target.
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