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USDCAD Outlook 7-11 November, 2016 | November 6, 2016
Usdcad has failed to break the resistance level. 1.3424 level is good resistance for this pair. This pair tried several time previous week, but made a spinning top on the resistance level. Then we saw bearish candle which indicates bearish mode for this pair.
Stochastic indicator is also giving selling idea on this pair. Sellers can look for sell entry on this pair below the resistance area. Stop loss will be above 1.3460 and sellers can target 50-100 pips profit from this pair.
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