USDCAD Analysis.
USDCAD breaks above 1.0727 (Aug 12 high) previous high resistance and reaches as high as 1.0747 level, suggesting that a long term bullish movement is underway. Initial support is at 1.0613, as long as this level holds, up trend will continue and short term target is now at 1.0800-50 zone.

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This entry was posted on Wednesday, September 3rd, 2008 at 00:09 and is filed under Short Term Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.