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USD/CAD Breaks 47 Weeks High

Posted by FXalhabib on September 23rd, 2011

The U.S Dollar is preforming very well against the high-yielding interest rate currencies, after the Feds announced “Operation Twist” to strengthen the U.S economy and fears of the debt crisis in the Eurozone spreading. The U.S Dollar broke 3 major resistance lines and hit the 1.0360 high, falling short of breaking the 1.0370 major resistance line.

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