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The USD / CAD is in a downtrend

June 12, 2012 by Forex Market

By: Forexat – The USD / CAD is in a downtrend. After the break of 1.0030 support level, the pair goes to 0.9960 and then to 0.9898. Only a recovery to the level of initial resistance 1.0209 would question the outlook bearish on this pair, leading to the next resistance level of 1.0272. The USD / CAD remains a downtrend, the next target – 0.9960.

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Filed Under: Financial

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