USD/CAD approaches April’s lows

By on 7 mayo, 2014
  • After break of 1.0940, accelerated to the downside and price fell below 1.0900.
  • Next support located around the minimum of April and also a Fibonacci level, between 1.0855 / 60.
  • Resistance at 1.0940 and above the next is a bearish line that stands at 1.0975. Break of 1.0975 will favor the US dollar, while below support at 1.0860, the decline could accelerate.
USD/CAD 4H - 05/07

USD/CAD 4H – 05/07

 

 

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