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USD/CAD: 55 Moving Average acting as support

USD/CAD: 55 Moving Average acting as support

Information is not investment advice

The 55 Moving Average is acting as support, so there's a bullish 'Hammer', which has been confirmed by the following 'Three Methods' pattern. In this case, the pair is likely going to reach the previously tested resistance at 1.3446. If a pullback from this level happens next, the price is likely going to test the 55 Moving Average once again.

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AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.

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