Greg Michalowski

Forex Trading: USDCAD Tests 38.2% Retracement

By Greg Michalowski on | More Posts By | Forex News By FXDD

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The USDCAD is back up testing resistance against the 38.2% retracement of the days range at the 1.0109 level.  Watching the level to provide some resistance.  The higher dollar has led to the short covering rally of f the trendline lows.  Additonal resistance comes in  at 1.0118 and 1.0124.

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