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11.03.2014 03:34 AM
Technical analysis of USD/CAD for March 11, 2014

In the H4 chart, we clearly see a breakout above the level of 1.1110. In yesterday's trading session, the pair made a high at 1.1131 and pulled back. The pair is forming a base around the level of 1.1092. In Asia on Tuesday, the pair again climbed back above the upper resistance line, which is a bull view. Now the level of 1.1103 is acting as good support. Until the price holds the level 1.10736, we will see the uptrend towards the level of 1.1160 and 1.1195. 1.10260 is the stop loss for this upside view.

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