The Brief Daily Forecaster 10th November 2008

DAILY ANALYSIS FOR USDCAD

Bias: I still look for losses to 1.1590-16 at least & possibly 1.1539

Losses developed as expected reaching the 1.1655-73 support. While there has
been a pullback from there I feel this is now complete and thus the downside
is the more vulnerable. I see resistance at 1.1812 and above there at
1.1847. However, I doubt we'll get this far. ...

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