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Tuesday, January 31, 2012

USD/CAD 31.01.2012


/ On : 2:02 PM
USD / CAD yesterday made ​​a correction that allowed us to show a short-term downtrend channel (purple lines).
Parity is a support for test 1.0.
All indicators are bearish.
Parity is still evolving in its medium-term downward trend (black line).
We continue to advise short positions is 1.0079 resistance.
The rupture of 1.0 will give a new sell signal and open the way to 0.9950.
In case of return above 1.0079, we will be neutral between this level and 1.01.
The break of 1.01 would give a buy signal.




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