USD/CAD: Weakening

From Recent Commentaries | Safehaven.com
January 2, 2013 - 8:46am

USD/CAD is declining sharply after having moved above its resistance at 0.9962 (28/11/2012 high), which suggests a bearish trap. A test of the support at 0.9825 is expected. An hourly resistance can be found at 0.9910 (01/01/2013 low).


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