Archived IMT (2009.04.13)
Todays Hot-Chart on NZDJPY illustrates a looming decline, which is in line with the unfolding retreat in equities. Rather than capitalizing on a retreat in Aussie pairs, the weaker NZD and CAD stand ripe to be sold off against JPY and USD. USDCAD eyes 1.2375. S&P500 trend line support stands at 800 after shying away from key resistance of 860-70.
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