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USD/CAD Attracted By Dynamic Resistance

We have a throwback underway on the Daily chart, it’s expected to hit the median line (ml) of the minor blue descending pitchfork, where he could find resistance again. Only a breakout above this line will confirm a larger increase in the upcoming period. However, we may have a sideways movement before will recapture enough directional energy for a major increase.

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MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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