Technical observations of RossClark@shaw.ca
If prices can manage to close above the standard deviation band (20ma, 2%) within the next two weeks then the likelihood of prices making a new low in the coming months is minimal. An upper target of 90.50 is quite possible by the summer.
However, a rally which is capped at the band will most likely result in a new low within the next 8 to 11 weeks before a sustainable rally can occur.
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