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.


For long term forex analysis.

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