05-17-2010, 08:12 AM
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Superior Investor
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Join Date: Sep 2008
Posts: 11,435
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USD/CAD Daily Outlook
USD/CAD's rebound from 1.0109 extends further today and at this point, intraday bias remains on the upside as long as 1.0311 minor support holds. Further rise should be seen to 61.8% retracement of 1.0734 to 1.0109 at 1.0495 first. Break will target a retest of 1.0734 high. On the downside, below 1.0311 minor support will turn intraday bias neutral and put focus back to 0.9929 low again.
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