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| USDCAD Daily |
On pullbacks the broken trendline is expected to turn resistance-turned-support. I am looking to go long long on any pullback towards resistance line.
A Full Time Trader's Blog. The Forex and Commodities Trading with Technical and Fundamental Analysis
Monday, October 22, 2012
USDCAD Above Trendline
USDCAD pair on daily charts have moved above the descending trendline. Thanks to the push higher on Friday.
After breaking higher, it closed near to 100MA, suggesting some resistance. Above it comes 200MA, which was tough to break on several previous occasions.
On pullbacks the broken trendline is expected to turn resistance-turned-support. I am looking to go long long on any pullback towards resistance line.
On pullbacks the broken trendline is expected to turn resistance-turned-support. I am looking to go long long on any pullback towards resistance line.
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