USD/CAD – ABC Correction, Outside Bar, 200-Day SMA, Parity and Rising Support

ABC correction: The USD/CAD has been falling from its March and 2013 high of 1.0341. Now, a little more than two months later, it has completed an ABC correction (2 swings down with an upswing in between), where A and C are similar in distance. Outside bar: The 5/9 trading session fell to a slightly…

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USD/CAD – ABC Correction, Outside Bar, 200-Day SMA, Parity and Rising Support

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