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Hi. I would like to share this Dollar Loonie pair chart analysis for today 6/8/17. Let's see how this one develops, happy trading mates!
The pair is bearish for the moment, I think it will depreciate towards 1.3300 or maybe even below that level.
The pair is falling like a rock and it has broken out below 1.3300. I think it will also depreciate to 1.3250.
The pair remains bearish, next week it will probably continue depreciating.
The pair found some support at 1.3235 and pulled back from that level but I think that after the correction is over there will be a new move down.
USD/CAD remains undecided around 1.3270. We may see a correction towards 1.3300.
The pair reached 1.3300 as I thought it would and bounced off from it. Currently it is likely depreciating back towards the low at 1.3240.
The correction continues, the pair rallied to 1.3345 and bounced off from it, but it may continue developing to the upside.
The move north continues developing as I thought it would. I think the pair will rally to 1.3400.
It reached and broke out above 1.3400. I think next week we will see the move north continue.
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