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February 3rd, 2009, 3:30 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDCAD is in sideways consolidation in a range between 1.1464 (Nov 5, 2008 low) and 1.3015 (Oct 28, 2008 high). Further rebound to 1.2600 to reach the next short term cycle top on 4-hour chart would more likely be seen in a couple of days, and pullback is expected before breaking above 1.2765 previous high.

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forexcycle Forex Cycle. See more Forex Analysis from forex cycle.

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