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Canadian Dollar Technical Outlook

Tuesday, 01 July 2008 16:26:53 GMT

Written by Jamie Saettele, Technical Currency Analyst

This is a close up view of wave E of the triangle (which is larger wave B within an A-B-C from .9055).

With the advance from 1.0047 taking an impulsive look, probability is high that the wave E low is in place.  Look for support near 1.0150.

STRATEGY: Bullish, against .1.0047, target above 1.0324

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