Tuesday, December 4, 2012

Forex Analysis: USD/CAD Stalls Above Key Confluence of Support

USD/CAD (daily chart) has stalled in a congestion right above important support around the 0.9900 price level, which is also just around the 50-day moving average. This confluence has offered consistent support for the tight consolidation of the past week. The consolidation occurs after price displayed a clear price-oscillator bearish divergence through the first half
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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