2012.06.12 16:18:46 MARKET TALK: Euro Capitulates Vs Dollar on Spain Bank Downgrades

USD/CAD intraday: bullish bias above 1.023.

Update on supports and resistances.
Pivot: 1.023

Our preference: Long positions above 1.023 with targets @ 1.0325 &
1.0355 in extension.

Alternative scenario: Below 1.023 look for further downside with 1.02
& 1.015 as targets.

Comment: the RSI is mixed to bullish.

Key levels
1.039
1.0355
1.0325
1.02936 last
1.023
1.02
1.015
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