Tuesday, January 5, 2010

UNITED WORLD CAPITAL USD/CAD Mid-Day Outlook

USD/CAD's sharp fall today suggests that decline from 1.0744 is possibly resuming. Intraday bias is cautiously on the downside for the moment. Break of 1.0364 support will also confirm that whole correction from 1.0851 has resumed and should target 1.0205 next. Nevertheless, we'd still expect downside to be contained above.... UWCFX
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Posted by United World Capital Forex at 2:41 AM

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