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Thread: USD/CAD

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#3004 (permalink)

07-01-2009, 08:29 AM

cprao

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Join Date: Feb 2009

Posts: 7

cprao is an unknown quantity at this point

USDCAD support & Resistance

The way my chart looks on daily chart, the price is currently between long term support and resistance lines.
If it breaks the resistance at 1.1653 and closes above that today, I believe it will be going up.
If it can't break the upward resistance and closes below the support line, it will be hitting the long term support line started on 11/06/2007.

Any thoughts ??
Attached 2 charts. Both are same but one is with a closer look.

Attached Thumbnails

usd-cad-usdcad-tradesetup-daily-chart-7-01-5.18-am.jpg

usd-cad-usdcad-tradesetup-daily-chart-7-01-5.18-am-closer-view.jpg

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