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November 25, 2020 at 03:50PM
• USDCAD reversed from key support level 1.3000
• Likely to rise to 1.3165
USDCAD previously reversed up from the key support level 1.3000, which has been reversing this currency pair from the end of August (as can be seen below).
The last time the pair reversed up from the support level 1.3000 it formed the daily Japanese candlestick reversal pattern Hammer.
USDCAD is likely to rise further toward the next resistance level 1.3165 (top of the previous Evening Star which marked the end of the earlier correction 2).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/usdcad-wave-analysis-25-november-2020-20201125/
Selected by fonecable.com
Search Web: USDCAD Wave Analysis 25 November, 2020
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