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Canadian Dollar Collapses Greenback Defenses

By Sam Shenker
26 October 2005 09:09 GMT
A reversal from these levels will most likely see the pair head back up toward the 1.1857, a level marked by the 23.6 Fib of the 1.2730-1.1592 CAD rally.  Indicators are diverging with momentum indicator above the zero line while negative MACD is sloping upward toward the zero line; with neutral oscillators giving either side enough room to maneuver.

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26 October 2005 09:09 GMT