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USD/CAD – Bulls target 1.0658
USD/CAD’s short-term price activity remains positive, following the sharp bullish reversal from the psychological 1.0000 level (prior trading range). Positive momentum needs to hold above 1.0400 (on a daily close) to rebuild the potential major upside reversal higher above the old resistance level at 1.0673 (August high & Congestion zone). A strong directional confirmation above here will open a much larger recovery into 1.0850 plus. This would extend the upside breakout from the rate’s ending triangle pattern, which was part of a major Elliott Wave cycle. Only a sustained close beneath parity will ... (full story)
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- Nov 24, 2011 7:41am Nov 24, 2011 7:41am
- DragonFire
- | Joined Sep 2010 | Status: Member | 2093 Comments
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- Nov 24, 2011 9:51am Nov 24, 2011 9:51am
- hayseed
- Joined Nov 2006 | Status: Member | 314 Comments
to trade and code, keep both simple... no call to impress....h
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- Nov 24, 2011 11:25am Nov 24, 2011 11:25am
- SharkD1
- | Commercial Member | Joined Jun 2010 | 7 Comments
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- Edited 8:47pm Nov 24, 2011 8:03pm | Edited 8:47pm
- beachallstar
- | Joined Aug 2010 | Status: Member | 11 Comments