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Canadian Dollar Technical Outlook

Wednesday, 16 July 2008 12:46:11 GMT

Written by Boris Schlossberg, Senior Currency Strategist

We states yesterday that traders should be “be surprised to see a test of the lower triangle line near .99 before the USDCAD turns up.  We’ll look to identify the bottom late this week or next week.” In the near term 9972 represents support

Visit our recently updated Canadian Dollar Currency Room for specific resources geared towards this currency

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