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Wednesday, 17 August 2016
USDCAD Technical Analysis: 17 August 2016, Wednesday, 11.19am Singapore Time
USDCAD Technical Analysis:
17 August 2016, Wednesday, 11.19am Singapore Time
Attached above is the daily chart of USDCAD.
Re-distribution process as illustrated on chart.
Fake break-ups in July and resisted in early August. Break-down yesterday 16 August 2016.
Artillery-shelling price action as illustrated.
Overall price structure: bearish.