Wednesday, October 29, 2014

Technical Outlook: USDCAD, USDCHF and CADCHF

Following the failure to sustain horizontal line resistance level breakout on daily chart, near 1.1340, the USCAD continued drifting lower and seems forming descending trend channel on H4 chart. The pair is currently expected to test support line of the channel, near 1.1140, breaking which the horizontal line support near



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