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The Canadian dollar is in bears' hands

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Strong USD, cheaper oil weigh on Loonie by Ipek Ozkardeskaya SPX -18 points at 2031 Dow -145 points to 17408 Nasdaq -435 points to 4572 US futures trade south as the negative sentiment in Asia due to a sharp sell-off in Japanese equities reverberates. S&P 500 offers at 2080/85 didn’t leave the way for additional gains yesterday. The SPX pulled below 2035 (Fib 38.2% level on Dec sell-off) and hit 2020 (minor 23.6%). The 2005/2000 zone is expected to lend some support before the week-end.

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