As USD/CAD has broken below the neckline of a double top,1.2352 should hold as resistance, says Goldman Sachs. "The double top has a downside target of ~1.19 which happens to be very close to the trend across the lows since Sep. 19th (currently 1.1902). The first targeted support should really be 1.1992 (38.2% retrace of the July/Mar. rally)," GS projects. "Although the market has been sticky around the 100-dma (1.2214), ideally want to see anything below 1.2352 as an opportunity to re-establish bearish exposure," GS advises. Bigger picture, GS thinks that there’s good reason to believe that the high is in. "The ... (full story)