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FX.co ★ USD/CAD Survey according to the Point and Figure Charting for March 27, 2012

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Forex Analysis:::2012-03-27T06:43:23

USD/CAD Survey according to the Point and Figure Charting for March 27, 2012

The USD/CAD pair continued the descending movement. Having overcome the resistance level 0.998, the pair provided the strong signal for Sell-deals changing the main tendency to downside one. Presently the main target for sellers is seen at the support level 0.988.

Considering the strong downside movement, today the correction towards the resistance level 0.998 is expected. From this point the upside movement will be resumed.

The point 1.004 is considered as a resistance level. In case it has been overcome, the strong signal for Buy-deals will be provided and the main tendency will change to uprising.

Today it is recommended to sell the pair only when the support level 0.988 has been broken through and with first targets seen at the 0.982 level.

USD/CAD Survey according to the Point and Figure Charting for March 27, 2012

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