current price .9717
current time 12:45 pm eastern
Cad is making a strong retracement after a very good move up off of the 9500 level to .9885. In order for the market to continue to go up it needs to make corrections from time to time by retracing. I expect .9700 will hold from a technical aspect however you may want to cover on a clean break of that level. I will personally hold to see how the day closes. Still targeting parity.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
