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 Date :   Saturday, April 14, 2012
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This informations only use to reference
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Forex: USD/CAD finds support at 0.9930 and close the week below parity
2/4/2012 9:03:07 AM (GMT+7)
FXstreet.com (Florida) - After falling around 100 pips from intra-day high at 1.0040, the Dollar has found support against the Canadian at the lowest level since October 31 at 0.9930. After that, the USD/CAD has been trading in consolidation mode in a small range between 0.9930 and 0.9940.
The pair is closing the week at 0.9935, 0.55% below today's opening price action.

"If stocks keep rising next week, the pair will likely keep falling towards 0.9960 immediate support zone. If below, 0.9920 and 0.9880 are next", said Valeria Bednarik, chief analyst at FXstreet.com. "1.0000 and 1.0030 are short term resistances".

Fri, Feb 03 2012, 21:39 GMT | FXstreet.com
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