Wednesday, April 30, 2014

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USDCAD PRICE MOVE BACK ABOVE 100 MA DAILY CHART

By looking the daily chart above I buy USDCAD just above the 100 MA daily chart. The reason why i buy USDCAD is that, the price didn't continue moved downward after the price break the 100 MA on the daily chart. And support remembered line seems to hold the upward momentum. If the price will move back below the 100 MA the buy position should be close.

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