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Technical Analysis
The USDCAD analysis
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[QUOTE="FXWatcher, post: 80683, member: 33832"] [B]Short-term[/B] [B]Strategy:[/B] Sell rallies [B]Entry:[/B] 1.2665/95 [B]Target 1:[/B] 1.2560 [B]Target 2:[/B] 1.2530 [B]Stop:[/B] 1.2830 [B]Pivot:[/B] 1.2595 [B]S/T Outlook:[/B] sideways [B]M/T Outlook:[/B] sideways [IMG]http://www.fxwatcher.com/analysis/usdcad300315.png[/IMG] We saw the suspected price development here. We met our corrective move targets of 1.2575/95 from mid 1.24's. The pair saw 1.2630 area tested and is now trading 1.2625. The way it formed this correction suggests that the current strength might yield directly into 1.2670/1.2700 area where we would look for price pressures to start developing. [B]Medium-term[/B] [B]Strategy:[/B] HOLD SHORTS TRAIL STOPS [B]Entry:[/B] 1.2700 [B]Target 1:[/B] 1.2150 [B]Target 2:[/B] 1.2085 [B]Stop:[/B] 1.2830 [B]Pivot:[/B] 1.2385 [B]S/T Outlook:[/B] sideways [B]M/T Outlook:[/B] sideways [IMG]http://www.fxwatcher.com/analysis/usdcad120315.png[/IMG] We reinstate our medium term outlook*....Usd/cad looks to have touched some interesting medium term levels around 1.2700. The way price has moved up seems to give some doubts over its sustainability. We would like to see a corrective move down into the above mentioned levels without making further gains above 1.2700/1.2750. [/QUOTE]
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