USDCAD Analysis, Daily Forex Analysis, July 30th 2010

30 July 2010 @ 12:08 am EDT

USDCAD is forming a cycle bottom at 1.0255 level on 4-hour chart, key resistance is at 1.0394, a break above this level will confirm the cycle bottom, then further rise could be seen to 1.0550 area. Key support is at 1.0255, only break below this level could trigger another fall to 1.0200 area.

For more forex information, go to www.forexcycle.com

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