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USDCAD: Potential Bottom in Place Above Parity

By , Currency Strategist
09 April 2010 03:06 GMT

USD/CAD

Strategy: Pending Long

A Morning Star bullish candlestick formation at support marked by the mid-line of a falling channel set from the swing top in February hints that USDCAD may be positioned to reverse higher. We will look for confirmation on a break above the channel top (now at 1.0123) to enter long.

040810 CAD


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09 April 2010 03:06 GMT