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Tuesday, February 14, 2012

USD/CAD 14.02.2012


/ On : 9:39 AM
Yesterday the USD / CAD has resumed its motion correction and fell above 1.0.
All indicators are bullish.
Parity is still evolving in its medium-term downward sloping (black line).
We continue to advise short positions that resistance is 1.0039.
A return of less than 1.0 would strengthen our bearish sentiment.
The breaking of 0.9934 would signal a new sales and pave the way to 0.99.
In case of return above 1.0039, we will be neutral between this level and 1.0079.
The breaking of 1.0079 would give a buy signal.



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