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Saturday, September 15, 2012

Dollar or Peso?


. . . The weekly chart offers more long-term clarity, showing how price has broken down from a bearish rising wedge pattern. There are possible support levels below, but the most obvious is the congested area in mid-2011 at about 21.00.
Screen shot 2012-09-14 at 11.03.01 AM
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Technical analysis is a windsock, not a crystal ball. 

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