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USD/CAD: intra-day ranging bear bullish reversal within 10-day high/low levels

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by , 06-15-2016 at 11:16 AM (999 Views)
      
   
H4 price is located near and below 200 period SMA (200 SMA) for the bearish condition with the ranging within the following key reversal support/resistance levels:

  • 10-day high at 1.3143 located far above 200 SMA in the primary bullish area of the chart, and
  • 10-day low at 1.2654 located near and below 100 SMA/200 SMA in the beginning of the bearish area.

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  • If the price will break 1.3143 resistance level on close H4 bar so the primary bullish trend will be resumed.
  • If the price will break 1.2654 support level on close bar so the bearish market condition will be continuing.
  • If not so the price will be ranging within the levels.

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