USDCAD moving above the key 1.0405/15 level

Written February 22, 2010 at 10:07 AM EST by  

gregmike-00530

Squeezes higher (see prior post).  The next target is the 1.0429 level on the 5 minute chart and then the 1.0448. ON the downside, the 1.0405 level should now hold support. Oil prices are coming down, helping the pair move higher.

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