Wednesday, May 6, 2009

U.S. / Canada in consolidation mode

U.S. / Canada is slightly above psevdominimumov reached two days ago and is now in consolidation mode. The direction in which the break occurs, to a large extent, will determine tomorrow published results of stress tests and data on the level of employment. Most likely, after the publication of the data pair will begin to move in an upward direction, but with a more positive news canadian dollar may strengthen slightly before to take the opposite course.

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