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USDCAD - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Saturday, September 2, 2006 at 03:20 GMT

USDCAD is in down trend and further fall towards 1.0930 is still possible in the next several days. But the cycle bottom on daily chart is nearing, so we don’t suggest taking short position at this moment. Key resistance is at 1.1271, a break above this level may signal the cycle bottom.

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