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Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

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USD/CAD - The Bullish Trend Continues

USD/CAD is still increasing. The pair is at its highest level in 11 years. Strong resistance lies at 1.4002 (21/05/2004 high). Hourly support is given at 1.2540 (02/07/2015 low). Stronger support can be found at 1.2363 (30/06/2015 low). We remain bullish on the pair as long as the pair is following the short-term trend-line.

In the longer term, the break of the key resistance at 1.3065 (13/03/2009 high) indicates increasing buying pressures, which favours further medium-term strengthening. Support can be found at 1.1731 (06/01/2015 low).

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