Thursday, February 6, 2014

USD/CAD Candlesticks and Ichimoku Analysis

Despite last week's late rise to 1.1224, the subsequent retreat suggests a minor top is formed and consolidation below this level would be seen with mild downside bias for correction to 1.0980-85 (38.2% Fibonacci retracement of 1.0588-1.1244), however, reckon 1.0906 (confluence of 50% Fibonacci retracement and current level of the



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