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USD/CAD 1.3300 Remains Possible Failure Level

USD/CAD 1.3300 Remains Possible Failure Level

2016-07-28 01:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CAD 1.3300 Remains Possible Failure Level

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent updates have noted that “USD/CAD upside acceleration is possible (consolidation could break either way), especially considering the response from 1.2830s. Moves off of this price produced 2 trending moves in 2015.” USD/CAD has broken out but be aware of possible failure near 1.3300 (200 day average and a swing high).

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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