Forex Trading Tips USD/CAD

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Forex Trading Tips USD/CAD

Post by ஆதித்தன் » Tue Dec 29, 2015 11:31 am

[youtube]https://www.youtube.com/watch?v=NvzBJkpdhz4[/youtube]
The Canadian Dollar (CAD) price was lost 15% and hit big lower in 2015 against major currencies, like USD,YEN,GBP.

The Currency pair USD/CAD current price is nearly 13.87 and its located in mid point of between next resistance target 14.79 and previous resistance point 13.44 by Fibonacci retracement from Nov-2013.

Current Crude oil price is 36.83, which one major key for CAD price and when the oil price was fallen, CAD also got fallen.. the coming days also crude oil hit another lower between 30$ -25$ per barrel.

So, as per current chart pattern, Fibonacci retracment & oil price, the USD/CAD market price hit next resistance point at near 14.39 and get reversal to trend bottom.

My opinion, keep eyes on Resistance point and move along with resistance to bottom.
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