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Canadian Dollar Technical Outlook

Tuesday, 08 July 2008 14:26:32 GMT

Written by Jamie Saettele, Technical Currency Analyst

Bottom line is that we remain bullish as long as price is above 1.0047.

With price above there, we maintain that a triangle is complete.  Some doubt has entered out mind regarding this count simply because the USDCAD has not yet accelerated higher in a 3rd wave.

STRATEGY: Bullish, against .1.0047, target above 1.0324

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