Friday, May 1, 2009

Commerzbank: outlook for the pound / dollar

According to analysts of Commerzbank, the fact that the pound / dollar tested and rolled sharply to the level of resistance trendline 1.4950, indicates the extinction correction. The bank believed that the pair may fall to 1.4695, 1.4605 and then 1.4515. When you save a negative trend may further decline to 1.44 - so the levels of mid-April. Targeted minimum set of 1.3835.

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