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Farooq

Technical Analysis – USDCAD _ 25-03-2019

HomeTechnical AnalysisTechnical Analysis – USDCAD _ 25-03-2019
25
Mar
Technical Analysis – USDCAD _ 25-03-2019

The pair reached its first target of 1.3430 after basing on the neckline of the upside down head and shoulders pattern shown on the chart … The upside remains as long as the pair remains above 1.3245 for the next potential targets around 1.3545 as the second target and then the resistance at 1.3655 as the third target.
A break of the last bottom of 1.3245 might be enough to end the bullish scenario and could press the pair to test 1.3130 support as the first target and then support 1.3000 as the second target

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