Learn to Trade Forex Online
The USDCAD has moved lower during yesterdays session on the back of a Bearish Engulfing Bar (BEEB). This BEEB formed with the very recent downward momentum.
Price has now fallen into the near term support and closed well off the lows. Traders who entered this one have now been given the chance to take profit or at the mimum protect their capital.
USDCAD DAILY CHART – 27 July 2012
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