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USDCAD ready to test 2019 lows
USDCAD posted significant losses in recent days, with the pair now looking ready to test the 2019 low of 1.3015 at any moment. If sellers manage to pierce and close below that zone, that would turn the broader picture to negative, setting the stage for more declines in the New Year. Short term momentum oscillators are endorsing the bearish picture. The RSI is currently testing its 30 line, while the MACD – already negative – is also below its red signal line. If the pair drops and closes below 1.3015, the next target for the sellers might be the 1.2920 zone, marked by the low on October 16, 2018. A downside break ... (full story)
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- Dec 31, 2019 8:51am Dec 31, 2019 8:51am
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- Edited 10:05am Dec 31, 2019 9:55am | Edited 10:05am
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