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March 9, 2012

USD/CAD Forms Double Bottom Just Ahead of the Non-Farm Payroll

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The 1H USD/CAD chart shows a double bottom as the market finds support from the 0.9890 area. This is occurring just ahead of Canada's employment data to come out at 7AM EST, and the US Non-Farm Payroll data that comes out 8:30AM EST. The fact it is reverting back to the 200 hour simple moving... FF News: Technical

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