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USDCAD: Targeting Further Upside With Warning
USDCAD: Targeting Further Upside With Warning
USDCAD: USDCAD continues to build up more upside pressure extending its strength on Monday and threatening further upside. However, a pull may be seen. On the upside, resistance is seen at the 1.2000 level followed by the 1.2050 level. Further out, resistance comes in at the 1.2100 level where a turn lower may occur. But if further recovery is triggered resistance comes in at the 1.2150 level. On the downside, support lies at the 1.1900 level followed by the 1.1850 level. Further out, support resides at the 1.1800 level and then the 1.1750 level. All in all, USDCAD continues to see its bullishness.
UNPARALLELED ANALYSIS covering EURUSD, GBPUSD, USDJPY, AUDUSD, EURJPY, EURGBP, USDCAD, USDCHF, GBPJPY, EURCHF and 5 Commodities Daily.GET YOUR ANALYSIS & TRADE ALERTS
Source: http://blog.fxtechstrategy.com/usdcad-targeting-further-upside-with-warning/
