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FX.co ★ USD/CAD Survey according to the Point and Figure Charting for March 23, 2012

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Forex Analysis:::2012-03-23T06:40:53

USD/CAD Survey according to the Point and Figure Charting for March 23, 2012

Sellers have failed to overcome the support level 0.989 where the main line of the ascending trend is drawn. As a result the upside movement was resumed.

After the breakdown of the resistance level 0.998, the pair provided a strong signal for BUY-deals. At the moment the main target for purchasers is seen at the resistance level 1.005.

The point 0.990 is considered as a support level. In case it has been passed through, the trend will change to downside one and the current signal for BUY-deals will be cancelled.

Today it is recommended to buy the pair.

USD/CAD Survey according to the Point and Figure Charting for March 23, 2012

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