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Dear Traders,

we will be taking a look at the pair USDCAD.

From the above chart, 4hr timeframe shows an exhaustive rally last week and this suggests that we can only expect a possible last leg rally for a retest of 1.3100  for a trap of buy stop liquidity pool residing above last week high then reversal to 1.3000 area.

We, therefore, plan for a pullback after the test of the intraday resistance zone @1.3075 to 1.3050 for a bull run …however if 1.3050 fails to hold, then the intraday bear are still in control.

Thanks.

Comments (4)

  1. Adewunmi Samuel
    January 14, 2020

    this is lovely analysis, clean and precise

    • Admin
      January 15, 2020

      Thanks, you can also explore our website to see our other services.

  2. Mrs. Oyewole
    January 14, 2020

    Well done. U are bless sir. Thanks

    • Admin
      January 15, 2020

      Thanks, We look to do better Ma.

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