Daily Forex Analysis - September 3, 2008

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.

20080903_usdcad_1

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This entry was posted on Wednesday, September 3rd, 2008 at 0:09 and is filed under Short Term Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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