August 19, 2014

Forex Forecast for Wednesday (2014.8.20)

We're seeing bullish price action on USDCAD and bearish price action on GBPUSD.

Bullish: USDCAD (Likely to break Higher High and hold a Higher Low)
Projected Daily Close: 1.0917 to 1.0964

Bearish: GBPUSD (Likely to break a Lower Low and hold a Lower High)
Projected Daily Close: 1.6583 to 1.6669

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