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USD/CAD trades +0.3% with broad but modest USD strength after the Greek no vote

Momentum studies, 5, 10 & 20 DMA's head north, 5th day of higher lows Positive setup targets a sustained 1.2619 break, 76.4% of Mar/May fall Initial support seen at 1.2551, 1.2538 levels Resistance at 1.2619, 76.4% Fibon…

By Earlence Fernandes
1 min read
USD/CAD trades +0.3% with broad but modest USD strength after the Greek no vote
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  • Momentum studies, 5, 10 & 20 DMA's head north, 5th day of higher lows

  • Positive setup targets a sustained 1.2619 break, 76.4% of Mar/May fall

  • Initial support seen at 1.2551, 1.2538 levels

  • Resistance at 1.2619, 76.4% Fibonacci then last week's 1.2632 high 

 

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