The cable has found support at 1.60 as we reported to you a few days ago. Because of the longer-term trend, it appears that the slow grind will continue in this pair. Unless we see a close below that 1.60 area, this pair will continue to be bullish on the whole. However, it should be noted that 1.63 has served as resistance recently, and very well could again. This pair should continue to grind northward.
More March 21, 2011 Technical Analysis:
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