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Canadian Dollar Technical Outlook

Tuesday, 05 August 2008 14:03:35 GMT

Written by Jamie Saettele, Senior Currency Strategist

As expected, the USDCAD has broken higher from the triangle that has formed since January.  This bullish break will complete a 3 wave corrective advance from .9055.  Objectives are in the 1.05-1.08 zone.  Expect the advance to continue.

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