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Canadian Dollar Technical Outlook
Friday, 18 July 2008 14:19:16 GMT  |  Jamie Saettele, Technical Currency Analyst
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Wave E is still underway but is nearing an end.

E waves (as we’ve written here often) are usually sharp and the decline has accelerated.  In fact, do not 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 next week.

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