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USDCAD squeezed to 100 hour MA resistance

Written March 19, 2010 at 10:33 AM EST by Greg Michalowski 

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 fxdd-pic-0012

The 1.0143-45 level is the 100 hour MA . It is also the 100 and 200 bar MA on the 5 minute chart.  If the market is to attract sellers this is the level. If it squeezes further the shorts could get hurt.

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Categories: Forex Trading  |  
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