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Wednesday, September 21, 2016

rhein

USDCAD Is Stuck In A Narrow Trading Range

Resistant: 1.3200 – 1.3250 – 1.3315. Support: 1.3130-1.3010 1.3065 –

USDCAD testing support level but still limited in range trading last week in the range 1.3130 s. d 1.3240, and now prices are middle of the range. Intraday bias still bullish in the short-term but required consistent transpiration above 1.3200 area to add to the momentum bullish target area 1.3250. On the side of the nearest support under it, look in the area, turning around 1.3130 consistently under the area can bring prices to the neutral zone because the directions become less obvious in the short term the possibility of testing area 1.3065.

rhein

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