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Dec 24

TECHNICAL ANALYSIS BY NSFX 24.12.2013

By:

High:  Low: 

After the breakout of the supply line that happened in November the pair reached the projected target price and made a double top.  Now the Canadian dollar could gain ground against the USD and the pair can test 1.0548 and then 1.0441. In case the cross rate should rise above 1.0726 1.1 would be an intermediate target price.

R3
R2
R1
S1
S2
S3