Usd/cad

This is a discussion on Usd/cad within the Forex forums, part of the Markets category; The USDCAD is oscillating around the 1.2690 level without taking a clear direction. Yesterday, the pair tried to reach the ...

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Old Dec 6, 2017, 2:32am   #521
Joined Apr 2014
Usdcad

The USDCAD is oscillating around the 1.2690 level without taking a clear direction. Yesterday, the pair tried to reach the 1.2600 level, but leaves a false breakout and goes back to the 1.2690 level where we can find the 55 day EMA. The 200 day EMA at the 1.2800 level could act as resistance.
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Old Dec 13, 2017, 10:21pm   #522
 
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The weekly chart below shows how the overall bias is bearish with price reversing at monthly and weekly key levels as well as a reversal at the weekly fibb zone followed by bearish momentum. After a few weeks of failing to break above monthly resistance 1.2800, last week broke above it with a bullish MA wick rejection as well as an MA crossover, this means there is a high probability of price rallying up to the weekly resistance 1.3100, before continuing its bearish momentum.
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Old Dec 15, 2017, 9:53am   #523
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USDCAD is in the sideways and it is moving downside at the moment, so better trade opportunity will appear when the price goes out of this price range
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