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USDCAD Weekly Technical Outlook 22-28 February, 2016 | February 21, 2016



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Usdcad has found some support at 1.3650 level. Now this pair has moved up for some retrace. This pair is now on a triangle. With the breakout of the triangle we can go according to the breakout side.


If this pair break 1.3650, then it should fall more. On the upper side, for bullish movement, this pair should break 1.3850 level.


On present condition, this pair should fall. This pair has formed bearish candle on h4 time frame which indicates bearish sign on this pair.


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