USD/CAD: Multi-month consolidation broken to the downside

USD/CAD has broken to the downside out of its multi-month consolidation phase. A support can be found at 1.2047 (intraday low). Hourly resistances stand at 1.2388 (08/04/2015 low) and 1.2445 (14/04/2015 low). • In the longer term, the technical structure looks like a rounding bottom whose maxi…











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April 16, 2015 at 01:44PM

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