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USDCAD tests the resistance – Analysis - 29-03-2018
The USDCAD pair returns to test the key resistance 1.2923 and keeps its stability below it, accompanied by witnessing clear overbought signals through stochastic, thus, the bearish trend still valid until now, waiting to head towards 1.2717 mainly.
We remind you that breaching 1.2923 will push the price to achieve gains that start at 1.3000 and extend to 1.3128 on the near term basis.
Expected trading range for today is between 1.2820 support and 1.2980 resistance.
Expected trend for today: Bearish
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USDJPY achieves strong gains – Analysis - 29-03-2018
The USDJPY pair rallied upwards strongly yesterday to breach 105.95 and approaches the first positive target at 107.40, which hints the price head to return to the correctional bullish track, noting that breaching the last level will extend the pair’s gains to reach 108.53 as a next station.
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