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martes, 17 de mayo de 2011

Review of the pair USD / CAD

Reviewing the USD / CAD in a candlestick chart with a weekly time frame, I see a Bearish Divergence.



Also the U.S. dollar is finding the 50% level  of Fibonaci  Retracements (from 0.9973 to 0.9444) a strong resistance.

On the other hand, the rest of the week will be announced several economic data in both the U.S. and Canada, so we must remain especially vigilant following news:

By U.S. 

Existing Home Sales May 19 at 9:00 am

For Canada

CORE CPI on May 20 at 6:00 pm and

CORE Retail Sales May 20 at 7:30 am

Schedules are GMT - 6:00