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Canadian Dollar Technical Outlook
Friday, 19 June 2009 14:40:02 GMT  |  Jamie Saettele, Senior Currency Strategist
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It is possible that the USDCAD decline from 1.3068 is complete but there remains a competing alternate in which the pair will drop to a new low (below 1.0780) before resuming the larger rally. The 61.8% of the advance from .9055 is at 1.0417 and is potential support. Potential short term support is at 1.1200.

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