In trading, you have to be defensive and aggressive at the same time
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USDCAD tries to jump even higher; bullish in long-term
USDCAD is challenging the 1.3170 resistance level after it failed several times to close below the 23.6% Fibonacci retracement level of the upleg from 1.2060 to 1.3385, around 1.3072. According to the RSI, the market could maintain positive momentum in the short-term as the indicator is positively sloped above its neutral threshold of 50, while the MACD oscillator is ready to post a bullish crossover with its trigger line in the daily chart. In case of a significant leg above the 1.3170 barrier, the market could meet the 1.3230 resistance, taken from the highs on September 6. The next level in focus could be the ... (full story)
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- Nov 9, 2018 7:26am Nov 9, 2018 7:26am
- Davit
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