With the general negative sentiment against greenback and oil above 50.00 dollars el barrel, Cad continues appreciating sending USD /CAD has just tested the 1.2230 zone. Indicators remain pointing to the downside, the pair could attempt to test the daily ascendant trend line around 1.2100 despite the oversold state 4 hours charts shown. From actual 1.2260 consider supports at 1.2237, 1.2200 1.2153 and the mentioned trend line, right now at 1.2113. Daily close under the line, will confirm longer a longer term bearish continuation. Resistances from actual price will be at 1.2280, 1.2316, 1.2375 and finally 1.2446
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can you share with me how you found the line for 730. i have been working hrad enough and with no success.