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UsdCad: Breaking Levels!


Weekly Timeframe:


Daily Timeframe:


 

Weekly time frame: Simply be viewing price action on the weekly, we can see that we have been consolidating. By looking at our most recent weekly candlestick we can see that we managed to break below our 1.30250 quarterly support zone.


Daily time frame: We see that we had a strong break and close below our support. if price manages to hold below this zone, then we can anticipate our next key level 1.29000 fulfill.


(risk management is key)


 

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