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USDCAD Weekly Technical Analysis 1-5 February, 2016 | January 30, 2016



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Usdcad is facing huge bearish pressure. It has broken support level at 1.4050. This pair is staying below the support level. So this pair should fall more on the coming days.


On h4 time frame, this pair is also staying below 200 ema. This is the indication of bearish power on this pair. There is a big possibility of falling on this pair. So we should stay on sell mode on this pair. We can sell on this pair with targeting 100-200 pips.


Sell zone lies on 1.4050 and 1.4120 area. From this level, this pair can fall again and we need to catch this falling


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