THE LOONIE WEEK JAN 15TH 2012
Same outlook as jan 8th
THE LOONIE WEEK JAN 8TH 2012
On the daily chart we see a morning star candlestick formation in and around the 100sma line. Support for the loonie has coincided with the 100sma line for sometime now. In the short term it looks supported in and around the 1.01$ area and upwardly it looks to be capped at 1.0370 or so. Any rise above that will be an indication of what is to come for the loonie in the coming months.
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