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Oct 10

TECHNICAL ANALYSIS BY NSFX 10.10.2013

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High:  Low: 

The cross rate is off intraday high but the short term trend is negative for the Canadian currency. The next resistance area is at 1.0447 and above this area there is the supply line that was generated the 5th of July (2013 high). In case risk appetite should come back the US dollar will show weakness and the pair could retrace 1.0314 first, and the test the 200SMA at 1.0256.

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