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Canadian Dollar Technical Outlook

Friday, 02 May 2008 10:39:32 GMT

Written by Jamie Saettele, Currency Analyst

Patience is paying off.  “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.”  Risk can be moved to 1.0037

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