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Friday, April 27, 2012

#$ USDCAD: Interim support found above 0.98

currency 27 April 2012 strategist 09: 25 GMT strategy: flatUSDCAD in a hammer candle over support to 0.9814, the 50% Fibonacci level, evoking a rebound is coming. The Setup program is not conclusive enough to trigger a position however and we will respect side up to that something more concrete emerges. Initial resistance aligns to the 0.9870, 38.2% Fib.

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