Prepared by Jamie Saettele
After testing trendline resistance that extends off of the August and
October highs (and the 50 day SMA), the USDCAD has slipped to
multiyear lows to test the downward sloping trendline that extends off
of the August and October lows. 9710, which was vital support in
February 2008, has also been met. The pivot is 9959 and only a go
above there would suggest a change in trend.
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Source: Dailyfx.com
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