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Farooq

Technical Analysis – USDCAD _ 21-03-2019

HomeTechnical AnalysisTechnical Analysis – USDCAD _ 21-03-2019
21
Mar
Technical Analysis – USDCAD _ 21-03-2019

The pair is still fluctuating around the neckline of the upside-down head and shoulders pattern shown on the chart … and the upside remains as long as the pair remains above 1.3215 and the pair could return to 1.3435 (first target) and 1.3545 as second 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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