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Monday, January 30, 2012

USD/CAD 30.01.2012


/ On : 3:13 PM


USD / CAD was unable to cross the 1.0 support and is now a correction.
The indicators are mixed.
Parity is still evolving in its medium-term downward trend (black line).
We continue to advise short positions 1.01 is resistance.
The rupture of 1.0 will give a new sell signal and open the way to 0.9950.
In case of return above 1.01, we will be neutral between this level and 1.0159.
The breaking of 1.0159 would give a buy signal.

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