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Forex Flash: CAD/JPY 88/89 reachable' in upcoming weeks - TDS

December 19, 2012 | Filed Under »
Forex pairs in this Article » CAD/JPY
FXstreet.com (San Francisco) - From TD securities on CADJPY: "Trend momentum signals remain bullish across a range of short, medium and longer-term time frames so we have to expect any CAD weakness to remain relatively limited from hereabsent a stronger sign that the bull trend is reversing. We think key short-term support is 83.20/25 but, with trend strength signals holding up, minor corrective losses may remain contained to the 84 area. Overall, we still think 88/89 is reachable in the next few weeks."
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