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USDCAD: Looking to Enter Long

USDCAD: Looking to Enter Long

2011-10-14 11:01:00
Ilya Spivak, Sr. Currency Strategist
Share:

USDCAD put in a bullish Inverted Hammer above resistance-turned-support at the neckline of a Head and Shoulders bottom chart formation, hinting the pair is preparing to resume its advance. I will look for confirmation of a reversal on the close of the current candle to actively look for long entry opportunities.

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SEE CHART HERE

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