Intraday Market Thoughts
Archived IMT (2009.08.14)
by
Aug 14, 2009 18:33
Yesterdays IMT on USDCAD made the case for prolonged gains as long as the 1.0790 support held up convincingly. And with 1.11 already seen last week, the market has the incentive to retest this high. The weekly 10-year chart http://twitpic.com/dvd83 spells further losses ahead, eyeing 3.30% and a possible 3.15% before an extended rebound in year-end. Meanwhile the USDJPY HotChart is DEEPENING IN THE MONEY.
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