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USDCAD Broke Below The Key Support At 1.0132

Posted on 04/24/2008 10:53:36 | Link | Post Comment

USDCAD broke below the key support at 1.0132 and dropped sharply to as low as 1.000 level. Deeper decline to 0.9900 area is still possible later today. Near term resistance is at 1.0150, as long as this resistance holds, we’d expect down trend to continue.






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