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USDCAD Weekly Analysis – Sunday, April 22

By Kurt Osterberg · On April 22, 2018

USDCAD’s downside movement from 1.3124 had completed at 1.2526 already. A further rally would likely be seen in a couple of weeks and the next target would be at 1.3000 area.

Support is at 1.2526, only a breakdown below this level could trigger another fall towards the bottom of the price channel on the daily chart.

USDCAD daily chart

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Kurt Osterberg

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