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USDCAD resumes rising – Analysis - 02-08-2016
The USDCAD pair bounced bullishly after retesting 1.2985 level yesterday, to resume the positive trading targeting 1.3310 level mainly.
Therefore, our bullish overview will remain valid and active for the upcoming period unless breaking 1.2985 level and holding below it, being aware that it is important to monitor the price behavior when reaching the targeted level, as breaching it represents the key to extend the pair's gains to reach 1.3573 as a next main station.
Expected trading range for today is between 1.3050 support and 1.3250 resistance.
Expected trend for today: Bullish
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USDJPY near the target – Analysis - 02-08-2016
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