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USD/CAD up trend in 1 hour chart
Tuesday, July 28, 2015 6:18
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Trend is bullish in one hour chart of USD/CAD currency pair. As I have suggested yesterday during my daily Live trading room session, USD/CAD 1 hour trend is still up. All those traders who took a buy trade made the right decision as price did bounce back up. Support is present at 1.2978 price level. I expect price to rise up to complete wave 5. If bearish candlestick closes below 1.2978 support level then up trend is going to end. Hence, I might like to stay out of the market and re-examine the price chart.
Source: http://www.fxinstructor.com/blog/usdcad-up-trend-in-1-hour-chart-3
