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Steve
New York, United States
Posted Anonymously
15 years ago
Dec 17, 2008 17:26
In Thread: Zero-Bound Fed Breaks Dollar
Ashraf,

This aud/jpy can hit target 62.25? Advise pls.
Steve
New York, United States
Posted Anonymously
15 years ago
Dec 10, 2008 14:14
In Thread: More Risk Appetite as Stimuli Gone Wild
Ashraf,

See below, that means usd/cad is in uptrend, to break 1.3 eventually to go beyond? Pls advise. Have a happy holiday.

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December 10, 2008 08:37: I warned CMC clients yesterday in the event of a 75-bp cut, CAD downside is expected to broaden, with USDCAD likely to overshoot to as high as 1.2720-40 before a retreat towards 1.2660s is guided by rallying equities. USDCAD topped out at 1.2740s before retreating below 1.26. Current decline in risk aversion and modest rally in commodities may extend losses in USDCAD towards 1.2520s, leaving resistance intact at 1.2720.
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