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USD/CAD Daily Technical Analysis | 9 February 2018

2018-02-09 08:51 am | Resource: Technical Analysis Section | No Views : 314

Our neutral view of USD/CAD as long as trading between the 1.2614 zones and the 1.2545 areas on the interval is 240 minutes due to weak bulls 'determination and the sellers' inability to lead the pair to the downside at the moment.

USD/CAD Daily Technical Analysis | 9 February 2018

The SMA 20 is still a very important support area for the pair.
RSI 14 is trading in a bullish direction while it is trading in a minor bearish direction under formation.
It is expected that, if the pair breached the Canadian currency level of 1.2614 may target the pair 1.2788 on the other side, if breaking the level of 1.2539 may target the level of 1.2419.
Resistance: 1.2659 - 1.2788- 1.2916
Support: 1.2539 - 1.2467 - 1.2398
Trend: Up


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