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USD/CAD Falls on Strong Canadian Retail Sales

BY GREG MICHALOWSKI | OCTOBER 22, 2010 | 8:42 AM | 0 COMMENTS

 

fxdd-pic-1258

 

The 1.0242 level is the 100 hour MA. The price needs to breach the 38.2% retracement to keep the bearish bias . Then the 1.0205 level which has been a key level for the pair (was the original low spike low from October 2009.

 

fxdd-pic-1259

 



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