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Technical Analysis – USDCAD trades higher after the rebound on 1.2250

USDCAD rose as high as 1.2620, a level last experienced on December 28 and is posting a bullish rally following the rebound on the 1.2250 support level last Friday. Additionally, dollar/loonie is in progress to record the second consecutive green week as it also successfully surpassed the 23.6% Fibonacci retracement level at 1.2470 of the down-leg from 1.3800 to 1.2060. Short-term momentum indicators are also pointing to a continuation of

The post Technical AnalysisUsdcad Trades Higher after the rebound on 1.2250 appeared first on currency-forex-news.



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Technical Analysis – USDCAD trades higher after the rebound on 1.2250

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