Daily Forex Analysis ? April 1, 2011

USDCAD Analysis. USDCAD’s fall from 0.9973 extended to as low as 0.9683. The pair is now facing 0.9667 support, a break below this level will indicate that the longer term downtrend from 1.0672 (Aug 31, 2010 high) has resumed, then next target would be at 0.9500 zone. Resistance is at 0.9750, above this level will [...]

Source: http://blog.forexcycle.com/6151/daily-forex-analysis-april-1-2011/

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