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Wednesday, February 1, 2012

USD/CAD 01.02.2012


/ On : 12:44 PM
USD / CAD bounced back yesterday on the media to 1.0 and is testing the upper limit of itsshort-term bullish channel (purple lines) at 1.0050.
The indicators are mixed.
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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