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30.01.2014 01:08 AM
Technical analysis of USD/CAD for January 30, 2014

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Trading recommendations:

  • According to the previous events, the USD/CAD pair is still moving between 1.1185 and 1.1140.
  • Sell below 1.1203 with the first target at 1.1165, then it will be gone towards 1.1125 in order to test this strong support.
  • Buy above 1.1120 (if the trend fails to close below it) with target at 1.1155, then at the price of 1.1200.
  • Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
  • Key level is at 1.1120.
  • History will probably repeat itself at this level again.
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Intraday technical levels:

  • Projected high:1,1355
  • Breakout (buy stop):1,1300
  • Strong resistance (sell limit):1,1270
  • Current pivot:1,1144
  • Strong support (buy limit):1,1018
  • Breakout (sell stop):1,0993
  • Projected low:1,0943
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