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View Full Version : Canadian Dollar Set to Rally, JPMorgan Says: Technical Analysis - Bloomberg



NewsWhore
05-11-2012, 01:50 PM
Canadian Dollar Set to Rally, JPMorgan Says: Technical Analysis (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGs8S2ZlQYmycn-EjNZUEhydpe4qw&url=http://www.bloomberg.com/news/2012-05-11/canadian-dollar-set-to-rally-jpmorgan-says-technical-analysis.html)
Bloomberg
The inability of the currency to close weaker than C$1.0055 per dollar twice this week, after reaching C$1.0063 on an intraday basis on May 9, signals it will strengthen, Niall O'Connor, a technical analyst at the firm, wrote in a client note.

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