USDCAD hit a confluence level on the daily chart. More bears to come? 18th Dec 2012

USDCAD

The USDCAD has been on a bearish trend for over three weeks and counting.  today’s bearish rejection candle off a significant confluence level  on the daily chart could be a pointer that we may see more bears to follows in coming days.  If price keeps trading lower, we may see a fall to the support levels illustrated in the above chart respectively.

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