Tuesday, 23 July 2013

USD/CAD update

USD/CAD D1 chart

So far, still good. Price just surpassed 1.03250 resistance. In here I am just relying on MACD line which is now below the 0 level and ADX line confirmation of the trend.


USD/CAD W1 chart

From the weekly chart, my initial target is somewhere below 1.020 level. But if my guess is right, the bearish trend will have enough power to break the bullish trendline.

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