Tuesday, May 27, 2014

Technical Outlook - USDCAD, USDCHF and CADCHF

Failure to break 100-day EMA level forced the USDCAD to once again trade southwards by heading towards month's low of 1.0810, breaking which the pair can extend its downturn towards medium-term support zone of 1.0730 1.0700. However, 38.2% Fibonacci Retracement Level of its 1.0012 to 1.1277 up move can



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