Wednesday, July 22, 2009

CIBC: U.S. / Canada expected range trading

Attempts to increase the dollar-Canada C $ 1.11 higher, once again proved to be unsuccessful, which again led to a shift of attention of market participants to recent minimum around C $ 1.0960. Currency strategists CIBC, commenting on the situation, pay attention to the strong pereprodannost pair and see the risks that the support of C $ 1.0925/50 again support the American currency. In such an event from a couple can be expected to continue trading in a stable range, while in order to be able to talk about the potential for the development of upward correction bulls, according to strategists bank needed break above C $ 1.1175.

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