Monday, December 31, 2012

Canadian Dollar Update from @JimIuorio

Canadian Dollar Update from @JimIuorioSocialTwist Tell-a-Friend

Attached is a daily chart of the march Canadian Dollar.

We maintain our bullish bias and expect an upside move to around 101.60.  A move like this would probably correspond with some good news on the fiscal cliff issue, giving a green light to the risk-on trade. We would stop out on a settle below 100.08 or a trade below 99.95.

Happy New Year,

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