Quiet day in the market on 18 Jan 2016. USDCAD has given another push to new highs as usually seen in the last two weeks. However, the gap was closed one way with no upside return of the price. This price action might show an approaching correction in the pair. The level of 1.456 is an important Fibo level, which was test and stayed in force today. Traders should expect a few days of consolidation and most like a corrective move of the pair to 1.4 area
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