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Canadian Dollar Technical Outlook

Thursday, 24 April 2008 12:30:05 GMT

Written by Jamie Saettele, Currency Analyst

We remain aggressive USDCAD bulls as advances since the .9055 low are in 5 waves and declines are in 3 waves. 

Near term, price should remain above .9998 and we will not even think about an objective until the pair has exceeded 1.0324.

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