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21st - All Eyes on Long/Short Term USD/CAD Resistance

21 December 2014

WEEKLY CHART:

Following breach of the channel

top resistance the market has now

reached a long term 61.8%

retracement at 1.1665. Also see

below.

DAILY CHART:

The Daily chart shows resistance

offered by a bull channel

projection, around 1.1750

currently. We keep a lookout for a

temporary pause in uptrend now.

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